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Dollar Tree (DLTR) Beats Q3 Earnings Estimates, Up Y-o-Y
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Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered third-quarter fiscal 2016 earnings of 81 cents per share which outperformed the Zacks Consensus Estimate of 79 cents, and rose 65.3% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has witnessed an uptrend in the last 7 days.
Revenues: Dollar Tree generated total revenue of $5,001.6 million that inched up 1.1% year over year but fell short of the Zacks Consensus Estimate of $5,061.5 million. Comparable-store sales (comps) increased 1.7% on a constant currency basis.
Outlook: Management forecasts net sales for fiscal 2016 in the band of $20.67–$20.77 billion versus $20.69–$20.87 billion expected earlier. For the fourth quarter, sales are projected in the band of $5.59–$5.69 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–$3.76 for fiscal 2016 compared with $3.67–$3.82 anticipated earlier. The company expects earnings for the fourth quarter to lie in the range of $1.24–$1.33 cents.
Stock Movement: Shares increased 9.8% during pre-market trading hours following the better-than-expected bottom-line results.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Beats Q3 Earnings Estimates, Up Y-o-Y
Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered third-quarter fiscal 2016 earnings of 81 cents per share which outperformed the Zacks Consensus Estimate of 79 cents, and rose 65.3% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has witnessed an uptrend in the last 7 days.
Revenues: Dollar Tree generated total revenue of $5,001.6 million that inched up 1.1% year over year but fell short of the Zacks Consensus Estimate of $5,061.5 million. Comparable-store sales (comps) increased 1.7% on a constant currency basis.
Outlook: Management forecasts net sales for fiscal 2016 in the band of $20.67–$20.77 billion versus $20.69–$20.87 billion expected earlier. For the fourth quarter, sales are projected in the band of $5.59–$5.69 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–$3.76 for fiscal 2016 compared with $3.67–$3.82 anticipated earlier. The company expects earnings for the fourth quarter to lie in the range of $1.24–$1.33 cents.
DOLLAR TREE INC Price, Consensus and EPS Surprise
DOLLAR TREE INC Price, Consensus and EPS Surprise | DOLLAR TREE INC Quote
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) 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.
Stock Movement: Shares increased 9.8% during pre-market trading hours following the better-than-expected bottom-line results.
Check back later for our full write up on Dollar Tree’s earnings report!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>