Dollar Tree (DLTR) reported earnings on Tue 24 Nov 2020 (b/o)

 ** charts after earnings **

ticker:  DLTR

 

Dollar Tree beats by $0.23, reports revs in-line; Q3 comps +5.1%; not providing guidance

Reports Q3 (Oct) earnings of $1.39 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of $1.16; revenues rose 7.5% year/year to $6.18 bln vs the $6.12 bln S&P Capital IQ Consensus.

Enterprise same-store sales increased 5.1%. Same-store sales for Family Dollar increased 6.4%. Dollar Tree same-store sales increased 4.0%. Gross profit increased 12.9% to $1.92 billion in the quarter compared to the prior year's third quarter.

Due to continued volatility and uncertainty related to the COVID-19 pandemic, as well as a lack of visibility into government stimulus initiatives, the Company is not providing updated guidance at this time. The Company now expects the completion of approximately 480 new store openings and 750 Family Dollar H2 store renovations in fiscal 2020. Capital expenditures for fiscal 2020 are expected to be approximately $1.0 billion.