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Dollar Tree (DLTR) Jumps on Q4 Earnings & Sales Beat
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Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered fourth-quarter fiscal 2016 earnings of $1.36 per share which outperformed the Zacks Consensus Estimate of $1.33, and rose 40.2% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 3.7%.
Revenues: Dollar Tree generated total revenue of $5,635.3 million that rose 5% year over year and surpassed the Zacks Consensus Estimate of $5,631.3 million. Comparable-store sales (comps) increased 1.2% on a constant currency basis with comps growth recorded in both Dollar Tree and Family Dollar banners.
Outlook: Management forecasts net sales for fiscal 2017 in the band of $21.94–$22.33 billion, while first quarter sales are projected in the band of $5.26–$5.35 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 $4.20–$4.56 for fiscal 2017. The company expects earnings for the first quarter to lie in the range of 91– 98 cents.
Stock Movement: Shares increased 4.7% during pre-market trading hours following the better-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Jumps on Q4 Earnings & Sales Beat
Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered fourth-quarter fiscal 2016 earnings of $1.36 per share which outperformed the Zacks Consensus Estimate of $1.33, and rose 40.2% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 3.7%.
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 $5,635.3 million that rose 5% year over year and surpassed the Zacks Consensus Estimate of $5,631.3 million. Comparable-store sales (comps) increased 1.2% on a constant currency basis with comps growth recorded in both Dollar Tree and Family Dollar banners.
Outlook: Management forecasts net sales for fiscal 2017 in the band of $21.94–$22.33 billion, while first quarter sales are projected in the band of $5.26–$5.35 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 $4.20–$4.56 for fiscal 2017. The company expects earnings for the first quarter to lie in the range of 91– 98 cents.
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 4.7% during pre-market trading hours following the better-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
Everything You Need to Know About Snapchat BEFORE It Goes Public
You may be curious about the buzz surrounding Snap Inc.'s IPO on March 2. With the company expected to be valued around $22 billion, it is expected to be the largest IPO since 2014. But should you snap up this tech stock on Day 1?
In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges. You'll also learn about 4 other exciting tech companies with jaw-dropping growth. Each could go public in the coming months.
Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the latest scoop. Download this IPO Watch List today for free >>