Dollar Tree: Fiscal 3Q Earnings Snapshot
CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Tuesday reported fiscal third-quarter profit of $255.8 million.
On a per-share basis, the Chesapeake, Virginia-based company said it had net income of $1.08.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The discount retailer posted revenue of $5.75 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.73 billion.
For the current quarter ending in January, Dollar Tree said it expects revenue in the range of $6.33 billion to $6.44 billion. Analysts surveyed by Zacks had expected revenue of $6.39 billion.
The company expects full-year earnings to be $4.66 to $4.76 per share, with revenue ranging from $23.62 billion to $23.74 billion.
Dollar Tree shares have risen 24% since the beginning of the year, while the Standard & Poor’s 500 index has risen 25%. The stock has climbed 35% in the last 12 months.