Dollar Tree Inc. (NASDAQ:DLTR) , one of the leading operators of discount stores, came out with first-quarter fiscal 2016 results, wherein earnings of 89 cents per share jumped 25.4% from the prior-year quarter and exceeded the Zacks Consensus Estimate of 80 cents.
Earnings Estimate Revision: The Zacks Consensus Estimates for fiscal 2016 has been witnessing a downtrend in the last 7 days. Moreover, the company surprise history gives a negative picture. In the trailing four quarters, including the quarter under review, the company has underperformed the Zacks Consensus Estimate by an average negative surprise of 15.9%.
Revenues: Dollar Tree generated total revenue of $5,085.5 million that increased by a substantial 133.6% year over year and cruised ahead of the Zacks Consensus Estimate of $5,081 million. During the quarter, sales were driven by contributions from Family Dollar (NYSE:FDO) and a 2.3% increase in comparable store sales (comps), on a constant currency basis, at Dollar Tree.
Outlook: The company provided net sales and earnings guidance for the second quarter and fiscal 2016. Management forecasts net sales for fiscal 2016 in the band of $20.79–$21.08 billion. For the second quarter sales is projected between $5.03 billion and $5.12 billion. Comps for both periods are expected to grow in the low single-digit range. Earnings per share are expected to be in the range $3.58 - $3.80 for fiscal 2016 and 66–72 cents for the second quarter.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dollar shares are up nearly 7.5% during pre-market trading hours following the better-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Tops Q1 Earnings & Sales, Stock Gains
Published 05/25/2016, 09:18 PM
Updated 07/09/2023, 06:31 AM
Dollar Tree (DLTR) Tops Q1 Earnings & Sales, Stock Gains
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