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Dollar Tree (DLTR) Tumbles on Q2 Earnings & Sales Miss
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Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered second-quarter fiscal 2016 earnings of 72 cents per share, substantially topping the year-ago earnings of 25 cents per share. However, earnings missed the Zacks Consensus Estimate of 73 cents by a penny.
Earnings Estimate Revision: The Zacks Consensus Estimates for fiscal 2016 has witnessed an uptrend in the last 30 days. However, the company’s 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 0.6%.
Revenues: Dollar Tree generated total revenue of $4,996.3 million that increased 65.9% year over year but fell short of the Zacks Consensus Estimate of $5,130.6 million. During the quarter, sales were driven by contributions from Family Dollar, robust sales from new Dollar Tree stores and a 1.2% increase in comparable store sales (comps), on a constant currency basis.
Outlook: The company provided net sales and earnings guidance for the third quarter. Further, the company lowered its fiscal 2016 sales forecast, while it raised its earnings guidance. Management forecasts net sales for fiscal 2016 in the band of $20.69–$20.87 billion versus $20.79–$21.08 billion expected earlier. For the third quarter sales is projected between $5.02 billion and $5.10 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 $3.67–$3.82 for fiscal 2016 compared with $3.58–$3.80 anticipated earlier. The company expects earnings for the third quarter to lie in the range of 76–82 cents.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dollar shares tumbled nearly 6.3% during pre-market trading hours following the lower-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Tumbles on Q2 Earnings & Sales Miss
Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered second-quarter fiscal 2016 earnings of 72 cents per share, substantially topping the year-ago earnings of 25 cents per share. However, earnings missed the Zacks Consensus Estimate of 73 cents by a penny.
Earnings Estimate Revision: The Zacks Consensus Estimates for fiscal 2016 has witnessed an uptrend in the last 30 days. However, the company’s 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 0.6%.
DOLLAR TREE INC Price and EPS Surprise
DOLLAR TREE INC Price and EPS Surprise | DOLLAR TREE INC Quote
Revenues: Dollar Tree generated total revenue of $4,996.3 million that increased 65.9% year over year but fell short of the Zacks Consensus Estimate of $5,130.6 million. During the quarter, sales were driven by contributions from Family Dollar, robust sales from new Dollar Tree stores and a 1.2% increase in comparable store sales (comps), on a constant currency basis.
Outlook: The company provided net sales and earnings guidance for the third quarter. Further, the company lowered its fiscal 2016 sales forecast, while it raised its earnings guidance. Management forecasts net sales for fiscal 2016 in the band of $20.69–$20.87 billion versus $20.79–$21.08 billion expected earlier. For the third quarter sales is projected between $5.02 billion and $5.10 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 $3.67–$3.82 for fiscal 2016 compared with $3.58–$3.80 anticipated earlier. The company expects earnings for the third quarter to lie in the range of 76–82 cents.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dollar shares tumbled nearly 6.3% during pre-market trading hours following the lower-than-expected results.
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 >>