Dollar Tree Inc. DLTR, one of the leading operators of discount stores, came out with fourth-quarter fiscal 20Array5 results, wherein earnings of $Array.0Array per share plunged Array2.9% from the prior-year quarter and missed the Zacks Consensus Estimate of $Array.04.
Earnings Estimate Revision: The Zacks Consensus Estimates for fiscal 20Array5 and 20Array6 have witnessed a downtrend in the last 30 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 Array9.7%.
Revenues: Dollar Tree generated total revenue of $5,365.3 million that increased by a substantial ArrayArray6.7% year over year but fell short of the Zacks Consensus Estimate of $5,425 million. During the quarter, sales were driven by contributions from Family Dollar and a Array.7% increase in comparable store sales (comps), on a constant currency basis, at Dollar Tree.
The company provided net sales and earnings guidance for the first quarter and fiscal 20Array6. Management forecasts net sales for fiscal 20Array6 in the band of $20.76 to $2Array.ArrayArray billion. For the first quarter sales is projected between $5.05 billion and $5.Array2 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 of $3.35–$3.65 for fiscal 20Array6 and 75–83 cents for the first 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 down over 6% during pre-market trading hours following the earnings release. Investors were disappointed with the earnings and sales miss in the fourth quarter.
Check back later for our full write up on Dollar Tree’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment