- Dollar Tree (NASDAQ:DLTR) reports same-store sales increased 3.4% in Q1 on gains in both traffic and average ticket.
- A disruption at West Coast ports impacted sales negatively during the quarter.
- Gross profit rate -40 bps to 34.4% as higher freight costs kicked in.
- SG&A expenses +50 bps to 23.7%.
- Retail selling square footage +7.1% to 47.2M.
- Q2 guidance: Dollar Tree expects Q2 sales of $2.17B-$2.23B vs. $2.23B consensus and EPS of $0.63-$0.68 vs. $0.70 consensus.
- Full-year guidance: Revenue of $9.24B-$9.42B vs. $9.41B consensus and EPS of $3.32-$3.47 vs. $3.49 consensus.
- Previously: Dollar Tree misses by $0.04, revenue in-line
- DLTR -0.41% premarket to $75.95.