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Dollar Tree (DLTR) Q3 Earnings & Sales Top, Increase Y/Y
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Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered third-quarter fiscal 2017 adjusted earnings of $1.01 per share, which came ahead of the Zacks Consensus Estimate of 90 cents and surged 40.3% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of nearly 5%.
Revenues: Dollar Tree generated net sales of $5,316.6 million that advanced 6.3% year over year, and topped the Zacks Consensus Estimate of $5,282 million. Total company comparable-store sales (comps) improved 3.2% (on a constant currency basis), with comps for Dollar Tree up 5% and Family Dollar up 1.5%.
Outlook: Management now forecasts net sales for fiscal 2017 (which will contain an additional week) in the band of $22.20-$22.31 billion, compared with the old projection of $22.07-$22.28 billion. The company’s fourth quarter sales are projected in the band of $6.32-$6.43 billion. Comps for both periods are expected to increase in the low single-digit range.
Earnings per share for fiscal 2017 are now expected to be in the range of $4.64-$4.73, higher than the previously guided range of $4.44-$4.60. The updated guidance still includes a receivable impairment charge of 14 cents recorded in 2017. For the fourth quarter, the company expects earnings to lie in the range of $1.80-$1.89. Notably, the fourth quarter sales and earnings are likely to receive significant contributions from the 53rd week.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Q3 Earnings & Sales Top, Increase Y/Y
Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered third-quarter fiscal 2017 adjusted earnings of $1.01 per share, which came ahead of the Zacks Consensus Estimate of 90 cents and surged 40.3% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of nearly 5%.
Dollar Tree, Inc. Price and EPS Surprise
Dollar Tree, Inc. Price and EPS Surprise | Dollar Tree, Inc. Quote
Revenues: Dollar Tree generated net sales of $5,316.6 million that advanced 6.3% year over year, and topped the Zacks Consensus Estimate of $5,282 million. Total company comparable-store sales (comps) improved 3.2% (on a constant currency basis), with comps for Dollar Tree up 5% and Family Dollar up 1.5%.
Outlook: Management now forecasts net sales for fiscal 2017 (which will contain an additional week) in the band of $22.20-$22.31 billion, compared with the old projection of $22.07-$22.28 billion. The company’s fourth quarter sales are projected in the band of $6.32-$6.43 billion. Comps for both periods are expected to increase in the low single-digit range.
Earnings per share for fiscal 2017 are now expected to be in the range of $4.64-$4.73, higher than the previously guided range of $4.44-$4.60. The updated guidance still includes a receivable impairment charge of 14 cents recorded in 2017. For the fourth quarter, the company expects earnings to lie in the range of $1.80-$1.89. Notably, the fourth quarter sales and earnings are likely to receive significant contributions from the 53rd week.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Dollar Tree’s earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>