Dollar Tree +1.5% after earnings

Mar. 06, 2019 7:46 AM ETDollar Tree, Inc. (DLTR)By: Clark Schultz, SA News Editor7 Comments
  • Dollar Tree (NASDAQ:DLTR) reports same-store sales for the Dollar Tree banner increased 3.2% on a constant currency basis in Q4 and same-store sales for the Family Dollar banner increased 1.4%.
  • Gross profit fell to 30.8% of sales vs. 33.0% a year ago. Higher markdowns, domestic freight costs, shrink, distribution costs and occupancy costs dragged on margins during the quarter.
  • The company says a goodwill impairment test performed in Q4 showed that the fair value of the Family Dollar business was lower than the carrying value resulting in a $2.73B non-cash pre-tax and after-tax goodwill impairment charge.
  • Looking ahead, Dollar Tree guides for Q1 revenue of $5.74B to $5.85B vs. $5.81B consensus and EPS of $1.05 to $1.15 vs. $1.30 consensus. FY20 revenue of $23.45B to $23.87B is anticipated vs. $23.89B consensus and EPS of $4.85 to $5.25 vs. $5.82 consensus.
  • Shares of Dollar Tree are up 1.45% premarket to $96.85.
  • Previously: Dollar Tree beats by $0.01, beats on revenue (March 6)

Recommended For You

Comments (7)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.