=Dollar Tree (DLTR) reported earnings on Thur 30 Aug 18 (b/o)

ticker:  DLTR

Dollar Tree misses by $0.01, reports revs in-line; guides Q3 EPS in-line, revs in-line; narrows FY19 guidance; reaffirms FY19 comp guidance; Q2 comps +3.7% 

• Reports Q2 (Jul) earnings of $1.15 per share, excluding non-recurring items, $0.01 worse thanthe S&P Capital IQ Consensus of $1.16; revenues rose 4.6% year/year to $5.53 bln vs the $5.54 bln S&P Capital IQ Consensus. Enterprise same-store sales increased 1.8% on a constant currency basis (or 1.9% when adjusted to include the impact of Canadian currency fluctuations).  Same-store sales for the Dollar Tree banner increased 3.7% on a constant currency basis (or 3.8% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner were flat at 0.0%.
• Co issues in-line guidance for Q3, sees EPS of $1.11-1.18, excluding non-recurring items, vs. $1.16 S&P Capital IQ Consensus; sees Q3 revs of $5.53-5.64 bln vs. $5.58 bln S&P Capital IQ Consensus.
• Co issues narrows guidancefor FY19, sees EPS of $4.85-5.05 from $4.80-5.10, excluding non-recurring items, vs. $5.54 S&P Capital IQ Consensus; sees FY19 revs of $22.75-2.97 bln from $22.73-23.05 bln vs. $22.91 bln S&P Capital IQ Consensus. This estimate is based on a low single-digit increase in same-store salesand 3.4% square footage growth. The United States Department of Commerce recently imposed an anti-dumping duty on certain ribbon purchased from China. The Company expects to incur a charge of $0.04 per share in the fourth quarter and this charge is included in the updated fiscal 2018 outlook.