WMT vs. DLTR vs. DG vs. BIG vs. TGT

 

Dollar Tree (DLTR) reported earnings on Wed 4 Sept 24 (b/o)

ticker:  DLTR

** charts before earnings **

** charts after earnings **

 

Dollar Tree misses by $0.37, misses on revs; guides Q3 EPS below consensus, revs in-line; guides FY25 EPS below consensus, revs below consensus

• Reports Q2 (Jul) earnings of $0.67 per share, excluding non-recurring items, $0.37 worse than the FactSet Consensus of $1.04; revenues rose 0.7% year/year to $7.37 bln vs the $7.49 bln FactSet Consensus.
  • Same-Store Net Sales: Dollar Tree +1.3%; Family Dollar -0.1%; Enterprise +0.7%
• Co issues guidance for Q3, sees EPS of $1.05-1.15 vs. $1.32 FactSet Consensus; sees Q3 revs of $7.4-7.6 bln vs. $7.58 bln FactSet Consensus.
• Co issues downside guidance for FY25, sees EPS of $5.20-5.60 vs. $6.56 FactSet Consensus; sees FY25 revs of $30.6-30.9 bln vs. $31.17 bln FactSet Consensus.
• Strategic Alternatives Review Update
  • "During the second quarter of fiscal 2024, we announced that we had initiated a formal review of strategic alternatives for the Family Dollar business segment, which could include among others, a potential sale, spin-off, or other disposition of the business. There is not a set deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any transaction or particular outcome."
• Tornado Damage Update
  • "On April 28, 2024, a tornado destroyed our Dollar Tree distribution center in Marietta, Oklahoma. Based on the significant damage sustained by the facility, the inventory contained in the facility and the facility itself are not salvageable. We incurred losses totaling $117.0 million in the first quarter of fiscal 2024, consisting of $70.0 million related to damaged inventory and $47.0 million related to property and equipment. These losses were fully offset by insurance receivables. As of August 3, 2024, we have received insurance proceeds totaling $70.8 million, including $45.0 million related to damaged inventory and $25.8 million related to damaged property and equipment. We expect that the remaining inventory losses and property and equipment losses will be fully offset by insurance recoveries under our distribution center insurance policies."

Earnings this week : Sept 2 - 6, 24 (wk 36)

Monday: Bond and equity markets closed in observance of Labor Day.

 

Tuesday (Sept 3)

• Morning: MOMO
• Afternoon: GTLB PD ZS

Wednesday (Sept 4)

• Morning:  CIEN CNM CRMT CURV DKS DLTR  HRL REVG

• Afternoon: AI AVAV BASE CASY CHPT CPRT CRDO CXM DSGX  HPE PHR VRNT YEXT

Thursday (Sept 5) 

• Morning: KFY  MOV NIO SAIC SCVL TTC
• Afternoon: AGX AVGO BRZE DOCU GWRE IOT PATH  PL  RENT  SMAR SWBI ZUMZ

Friday (Sept 6) 

• Morning: ABM BRC DOOO GCO

Dollar Tree (DLTR) reported earnings on Wed 13 March 24 (b/o)

• The company also announced it was closing 1,000 stores: 600 Family Dollar locations in the first half of fiscal 2024 and an additional 370 Family Dollar locations and 30 Dollar Tree stores as their leases expire in the coming years.
• ticker:  DLTR
  

** charts after earnings **

 

 

 

 

Dollar Tree misses by $0.12, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY25 EPS in-line, revs in-line 

• Reports Q4 (Jan) earnings of $2.55 per share, excluding non-recurring items, $0.12 worse than the FactSet Consensus of $2.67; revenues rose 11.9% year/year to $8.63 bln vs the $8.66 bln FactSet Consensus.
  • Enterprise same-store net sales increased +3.0% (generally in-line with prior guidance of low single digit growth), driven by a +4.6% increase in traffic, partially offset by a -1.5% decline in average ticket.
    • Dollar Tree segment comps +6.3% (vs mid-single digit prior guidance), driven by a +7.1% increase in traffic, partially offset by a -0.7% decline in average ticket.
    • Family Dollar segment comps decreased -1.2% (below -1% to +1% prior guidance), driven by a +0.7% increase in traffic, partially offset by a -2.0% decline in average ticket.
• Co issues guidance for Q1 (Apr), sees EPS of $1.33-1.48 vs. $1.71 FactSet Consensus; sees Q1 revs of $7.6-7.9 bln vs. $7.68 bln FactSet Consensus.
  • Guidance based on a low-to-mid-single digit increase in same-store sales for the enterprise and the Dollar Tree segment and approximately flat same-store sales growth for the Family Dollar segment.
• Co issues in-line guidance for FY25, sees EPS of $6.70-7.30 vs. $7.04 FactSet Consensus; sees FY25 revs of $31.0-32.0 bln vs. $31.72 bln FactSet Consensus.
  • The Company expects to deliver a low-to-mid-single digit comparable store net sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a low-single-digit increase in the Family Dollar segment.

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.

Earnings this week : November 23 - 27, 20 (wk 48)

 Monday (Nov 23)

• Morning:  BZUN KFY TWST WMG
• Afternoon: A AMBA CBT ENTA NTNX URBN

Tuesday (Nov 24)

• Morning: ANF AMWD ADI PLAN BBY BURL CHS SJM DKS DLTR DY EV HRL MDT TIF TITN
• Afternoon:  AEO ADSK DELL GPS HPQ JWN PSTG VMW

Wednesday (Nov 25)

• Morning:  DE FRO

Thursday (Nov 26)

• Holiday

Friday (Nov 27)  

• None

-=Dollar Tree (DLTR) reported earnings on Thur 28 May 20 (b/o)

ticker:  DLTR

 Dollar Tree beats by $0.20, beats on revs; Enterprise same-store sales increased 7.0%; not issuing updated guidance

Reports Q1 (Apr) earnings of $1.04 per share, excluding non-recurring items, $0.20 better than the S&P Capital IQ Consensus of $0.84; revenues rose 8.2% year/year to $6.29 bln vs the $6.14 bln S&P Capital IQ Consensus.

Enterprise same-store sales increased 7.0%. Same-store sales for Family Dollar increased 15.5%. Dollar Tree same-store sales decreased 0.9%.

Due to uncertainty related to the COVID-19 pandemic, the Company withdrew its first quarter and fiscal 2020 guidance in its March 31, 2020, Business Update. Given the expectation of continued volatility and uncertainty, the Company is not issuing updated guidance at this time.

Dollar Tree provides COVID-19 update
Co previously announced that it was rewarding hourly-paid store and distribution associates with a $2.00 per hour premium for all hours worked during the twelve-week period from March 8, 2020 through May 30, 2020 at an estimated total cost of $90 million. The Company will be extending the $2.00 per hour premium for hourly-paid store and distribution associates for hours worked over the two-week period ending June 13, 2020 at an estimated incremental cost of $15 million.

Earnings this week : May 25 - 29, 20 (wk 22)

Monday (May 25)

• Holiday

Tuesday (May 26)

• Morning: AMWD PLAN AZO BNS BAH DOYU HIBB
• Afternoon: HEI KEYS VSAT

Wednesday (May 27)

• Morning: BMO PLAB RL RY VIPS
• Afternoon: UHAL ADSK BEST BOX COHR CACC DSGX HPQ NTAP NTNX PLT SMTC SPTN TOL WDAY

Thursday (May 28)

• Morning: ANF BURL CSIQ CM DG DLTR HLNE LL MOMO MNRO NIO SAFM SHOO TECD TD TGI
• Afternoon: COST DELL DXC MRVL JWN OKTA OLLI PAGS PSTG CRM ULTA VEEV VMW WSM ZS

Friday (May 29) 

• Morning: BIG CGC

Dollar Tree (DLTR) reported earnings on Tue 26 Nov 2019 (b/o)

ticker:  DLTR

** charts before earnings **

 

** charts after earnings **

(Reuters) - Dollar Tree Inc (DLTR) on Tuesday forecast holiday-quarter profit below Wall Street expectations, as the discount store operator expects a hit from U.S. tariffs on Chinese imports, sending its shares down about 8% before the opening bell.

The tariffs as part of the prolonged trade war between Washington and Beijing have been a pressure point for retailers, which source a large chunk of their merchandise from China.

The company said it expects fourth-quarter profit in the range of $1.70 to $1.80 per share, below the average analyst expectation of $2.02.

Dollar Tree also said it expects fourth-quarter merchandise margin to be pressured by higher sales of low-margin consumables and rising wages at its distribution centers.

The company forecast fourth-quarter sales in the range of $6.33 billion to $6.44 billion, the mid-point of which is below the average analyst estimate of $6.41 billion.

Excluding items, the company earned $1.08 per share in the third quarter ended Nov. 2, missing estimate of $1.13.

Net sales rose 3.7% to $5.75 billion, above analysts' average estimate of $5.74 billion, according to IBES data from Refinitiv.

Same-store sales rose 2.50%, slightly falling short of the average analyst estimate of 2.54%.

Dollar Tree, which competes with Dollar General and Walmart (WMT) for quick grocery stops, has been trying to tighten up financials at Family Dollar. Dollar Tree has closed, rebranded or renovated hundreds of Family Dollar stores in the process.

However, as a Digiday article this year noted, Dollar Tree and Family Dollar take different approaches to discount retail. Dollar Tree has largely bound itself to items priced at $1. At Family Dollar, prices range as high as $10, potentially making Dollar Tree overall more vulnerable to rival retailers, the article said.

Earnings this week : Nov 25 - 29, 19 (wk 48)

Monday (Nov 25)

• Morning: JEC
• Afternoon: A AMBA BECN CAL GBDC HPE MTSC NTNX PANW PVH SR

Tuesday (Nov 26)

• Morning: ANF AMWD ADI BNS BBY BITA BURL CHS CBRL DKS DLTR DY EV HRL MOMO MOV TECH TITN
• Afternoon: ADSK BOX CENT DELL GES HPQ KEYS QADA VEEV VMW

Wednesday (Nov 27)

• Morning: DAKT DE DOYU FRO UXIN

Thursday (Nov 28)

• Holiday (Thanksgiving)

Friday (Nov 29) 

Stock market will close early at 1:00 p.m. on Friday, November 29, 2019 (the day after Thanksgiving).

• none

=Dollar Tree (DLTR) reported earnings on Thur 29 Nov 2018 (b/o)

ticker:  DLTR

Dollar Tree beats by $0.04, reports revs in-line; guides Q4 EPS below consensus, revs below consensus

• Reports Q3 (Oct) earnings of $1.18 per share, $0.04 better than the S&P Capital IQ Consensus of $1.14; revenues rose 4.2% year/year to $5.54 bln vs the $5.55 bln S&P Capital IQ Consensus.
• Same-store sales for the Dollar Tree banner increased 2.3% on a constant currency basis (or 2.2% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner decreased by 0.4%.
• Co issues downside guidance for Q4, sees EPS of $1.86-1.95, excluding non-recurring items, vs. $2.01 S&P Capital IQ Consensus; sees Q4 revs of $6.10-6.21 bln vs. $6.23 bln S&P Capital IQ Consensus. Co sees low single-digit increase in same-store sales for the combined enterprise in Q4.

This week's biggest % winners & losers : Aug 27 - 31, 18 (wk 35)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: GKOS (68.37 +55.99%), ALNY (122.67 +26.63%), ADRO (7.4 +26.5%), KTWO (27.34 +21.24%), IMMU (26.76 +20.11%), MDXG (5.3 +19.1%), NVTA (14.81 +17.91%), NVAX (1.56 +17.29%), CRBP (5.85 +17%)
• Industrials: BLDP (3.54 +18.39%)
• Consumer Discretionary: AOBC (14.03 +45.39%), TLYS (23.52 +36.03%), SCVL (44.46 +32.05%), SHLD (1.34 +21.82%), DSW (33.26 +21.56%)
• Information Technology: LEJU (2.21 +40.76%), BRKS (39.41 +32.92%), SMCI (20.51 +25.21%), SMTC (59.75 +18.43%)

This week's top 20 % losers

• Healthcare: EGRX (69.13 -14.23%), SPPI (21.53 -12.23%), DEPO (6.38 -10.52%)
• Consumer Discretionary: ANF (21.67 -20.74%), GME (13.27 -19.82%), MIK (16.99 -17.8%), MOV (42.6 -16.39%), FOSL (22.67 -14.61%), BIG (43.05 -14.12%), DLTR (80.51 -13.86%)
• Information Technology: UEPS (7.24 -17.82%), TECD (72.75 -15.94%), EA (113.41 -12.06%), PDFS (8.72 -11.56%), VNET (9.75 -10.96%)
• Financials: GGAL (22.5 -14.77%)
• Telecommunication Services: TKC (4.07 -14.68%)

=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.

Earnings this week : August 27 - 31, 18 (wk 35)

Earnings confirmed to report this week

Monday (August 27)

• Morning: AMWD  PKX MBT JT SVA FGBI PEBK TATT
• Afternoon: HEI PAHC  SHG BAP WF BILI  RYB MESA

Tuesday (Aug 28)

• Morning: BBY BJ BMO BNS CTLT  DSW HAIN SFUN SXI TIF
• Afternoon: BOX HPE HRB LCI NCS OOMA PSEC SCSC  SCVL TLRY YRD

Wednesday (Aug 29)

• Morning: AEO BF.B CHS DKS DY EV EXPR MOV
• Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS

Thursday (Aug 30)

• Morning: ANF BURL CIEN CPB DG  DLTR  GMS KIRK MEI MIK PDCO SIG TD TECD TITN
• Afternoon: AMBA  AOBC  COO  LULU  NTNX PAGS ULTA YEXT ZUO

Friday (Aug 31)

• Morning: BIG  

This week's biggest % winners & losers : May 28 - June 1, 18 (wk 22)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: LXRX (12.28 +27.78%), ALDR (18.3 +17.68%), PTCT (36.11 +17.24%)
• Consumer Discretionary: MOV (50.1 +22.94%), DKS (35.35 +16.36%)
• Information Technology: AAOI (45.02 +30.53%), MOMO (49.6 +27.34%), BITA (26.01 +17.75%)
• Energy: CLMT (8.55 +23.91%), FRO (5.7 +19.75%), CLD (3.77 +19.3%), TUSK (37.09 +19.07%), LPG (8.28 +18.97%)
• Consumer Staples: SPTN (25.96 +34.86%)
• Telecommunication Services: IRDM (15.95 +20.38%)

This week's top 20 % losers

• Healthcare: CMD (108.84 -14.77%), GERN (4.02 -14.47%), TVTY (33.9 -11.95%)
• Industrials: RRTS (1.75 -20.45%), TITN (17.21 -18.05%)
• Consumer Discretionary: SHLD (2.28 -34.67%), GES (19.93 -19.25%),  CHS (8.42 -17.13%), DLTR (81.28 -14.6%), ANF (21.77 -14.46%), KORS (59.84 -12.82%)
• Information Technology: DAKT (7.95 -19.37%), JKS (15.14 -16.86%), INFN (8.77 -12.91%)
• Energy: GMLP (15.14 -24.15%), GLNG (26.07 -21.57%), PBR (10.13 -19.67%)

=Dollar Tree (DLTR) reported earnings on Thur 31 May 2018 (b/o)

ticker:  DLTR

Dollar Tree misses by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs in-line; lowers FY19 EPS below consensus, reaffirms comps 

• Reports Q1 (Apr) earnings of $1.19 per share (ex-$0.52/share in debt refinancing costs), $0.04 worse than the Capital IQ Consensus of $1.23; revenues rose 5.0% year/year to $5.55 bln vs the $5.56 bln Capital IQ Consensus. Enterprise same-store sales increased 1.4% vs low-single digit guidance. Same-store sales for the Dollar Tree banner increased 4.0% on a constant currency basis (or 4.1% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner decreased 1.1%.
• Gross margin decreased to 30.6% compared to 30.8% in the prior year. The 20 basis point decline was driven primarily by higher shrink, distribution and occupancy costs, partially offset by lower markdowns and lower merchandise costs.
• Co issues guidancefor Q2, sees EPS of $1.07-1.16 vs. $1.18 Capital IQ Consensus Estimate; sees Q2 revs of $5.47-5.57 bln vs. $5.56 bln Capital IQ Consensus Estimate.
• Co issues guidancefor FY19, lowers EPS to $5.32-5.62 (ex-$0.52/share in costs from Q1 debt refinancing) from $5.25-5.60 vs. $5.64 Capital IQ Consensus Estimate; sees FY19 revs of $22.73-23.05 bln vs. $22.97 bln Capital IQ Consensus Estimate; reaffirms comps +low single digits.
• "We are pleased with the acceleration in sales we have seen in the first several weeks of our second quarter." 

This week's biggest % winners & losers : March 5 - 9, 18 (wk 10)

This week's biggest % gainers/losers The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ZSAN (17.25 +126%), ADRO (8.75 +35.66%), GEN (1.62 +30.65%), ATRS (2.79 +27.4%), NTLA (34.95 +27.18%), RGNX (36 +22.45%), PGNX (8.1 +21.08%), CLDX (2.82 +21.03%), ACHN (4.23 +20.51%), PDLI (3.04 +19.69%), TSRO (68.12 +18.1%)
• Industrials: ERII (8.47 +26.23%)
• Consumer Discretionary: RCII (8.62 +18.08%)
• Information Technology: BZUN (47.88 +34.19%), CHUBK (22.41 +27.77%), NTNX (49.1 +26.31%), CHUBA (22.41 +21.07%), ADSK (139.36 +19.85%)
• Telecommunication Services: NIHD (1.71 +33.59%)

This week's top 20 % losers

• Healthcare: DERM (9.43 -62.52%), SPPI (18.67 -13.4%), MYOK (53.05 -13.18%), OTIC (5.03 -11.84%)
• Industrials: HDSN (5.44 -12.48%)
• Consumer Discretionary: FTD (4.65 -24.59%), TRNC (14.76 -24.5%), ASNA (2.01 -17.62%), DFRG (15.4 -17.43%), BIG (48.45 -13.93%), JCP (3.27 -11.86%), DLTR (92.7 -11.22%)
• Information Technology: TECD (89.98 -13.94%), PRGS (40.38 -13.01%)
• Energy: PEIX (3.35 -14.1%)
• Consumer Staples: BRFS (8.11 -13.91%), KR (24.08 -11.96%), BGS (26 -11.86%)

=Dollar Tree (DLTR) reported earnings on Wed 7 March 2018 (b/o)

ticker:  DLTR

Dollar Tree misses by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY19 EPS below consensus, revs in-line; Q4 Enterprise same-store sales increased 2.4% on a constant currency basis 

• Reports Q4 (Jan) earnings of $1.89 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $1.90; revenues rose 12.9% year/year to $6.36 bln vs the $6.39 bln Capital IQ Consensus.
• Co issues guidancefor Q1, sees EPS of $1.18-1.25, excluding non-recurring items, vs. $1.29 Capital IQ Consensus Estimate; sees Q1 revs of $5.53-5.63 bln vs. $5.6 bln Capital IQ Consensus Estimate. Guidance Details: Q1 guidance is based on single-digit increase in same-store sales for the combined enterprise. 
• Co issues guidancefor FY19, sees EPS of $5.25-5.60, excluding non-recurring items, vs. $5.72 Capital IQ Consensus Estimate; sees FY19 revs of $22.7-23.12 bln vs. $23.1 bln Capital IQ Consensus Estimate. FY18 guidance is based on a low single-digit increase in same-store sales and 3.7% square footage growth.
• Enterprise same-store sales increased 2.4% on a constant currency basis.Adjusted to include the impact of Canadian currency fluctuations, the enterprise same-store sales increase was 2.5%. The same-store sales growth was driven by increases in average ticket and comparable transaction count.
• Same-store sales for the Dollar Tree banner increased 3.8% on a constant currency basis (or 3.9% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner increased 1.0%. Gross profit increased 16.3% to $2.10 billion compared to $1.81 billion in the prior year's fourth quarter.
• As a percentage of sales, gross margin increased to 33.0% compared to 32.1% in the prior year. As noted previously, the Company benefited in the fourth quarter and fiscal 2017 with respect to the TCJA. The Company expects to continue to benefit going forward and currently estimates the benefit to be approximately $250 million for fiscal 2018. 

=Dollar Tree (DLTR) reported earnings on Thur 24 Aug 2017 (b/o)

ticker:  DLTR

Dollar Tree beats by $0.11, reports revs in-line; guides Q3 in-line; raises FY18 EPS above consensus, reaffirms comps

• Reports Q2 (Jul) earnings of $0.98 per share, $0.11 better thanthe Capital IQ Consensus of $0.87; revenues rose 5.7% year/year to $5.28 bln vs the $5.24 bln Capital IQ Consensus. 
• Enterprise same-store sales increased 2.4% vs. slightly positive to low single digit guidance. The same-store sales growth was driven by increases in comparable transaction count and average ticket. Same-store sales for the Dollar Tree banner increased 3.9%. Same-store sales for the Family Dollar banner increased 1.0%.
• Gross profit increased 7.6% to $1.63 billion compared to $1.51 billion in the prior year's second quarter. As a percent of sales, gross margin increased to 30.8% compared to 30.3% in the prior year. The 50 basis point improvement was driven primarily by lower merchandise and freight costs and lower markdowns in the current quarter, partially offset by higher distribution and occupancy costs.
• Co issues in-line guidancefor Q3, sees EPS of $0.83-0.90 vs. $0.86 Capital IQ Consensus Estimate; sees Q3 revs of $5.20-5.29 bln vs. $5.26 bln Capital IQ Consensus Estimate; low single digit comps.
• Co issues guidancefor FY18, raises EPS to $4.58-4.74 from $4.31-4.57, excluding non-recurring items, vs. $4.49 Capital IQ Consensus Estimate; sees FY18 revs of $22.07-22.28 bln vs. $22.13 bln Capital IQ Consensus; reaffirms low-single digit comps.

Dollar Tree (DLTR) reported earnings on Thur 25 May 2017 (b/o)

ticker:  DLTR

** charts before earnings **

** after earnings **

** 3 weeks later **

Dollar Tree misses by $0.02, reports revs in-line; guides Q2 EPS below consensus, revs in-line; guides FY18 EPS below consensus, revs in-line:

• Reports Q1 (Apr) earnings of $0.98 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $1.00; revenues rose 4.0% year/year to $5.29 bln vs the $5.29 bln Capital IQ Consensus.
  • Enterprise same-store sales increased 0.5%. The same-store sales growth was driven by increases in average ticket and comparable transaction count. Same-store sales for the Dollar Tree banner increased 2.5%. Same-store sales for the Family Dollar banner decreased 1.2%.
• Co issues guidance for Q2, sees EPS of $0.80-0.88, excluding non-recurring items, vs. $0.90 Capital IQ Consensus Estimate; sees Q2 revs of $5.18-5.28 bln vs. $5.24 bln Capital IQ Consensus Estimate.
  • Slightly positive to low single digit comp store sales increase.
• Co issues guidance for FY18, sees EPS of $4.17-4.43 vs. $4.49 Capital IQ Consensus Estimate; sees FY18 revs of $21.95-22.95 bln (Prior $21.94-22.33 bln)vs. $22.12 bln Capital IQ Consensus Estimate.
  • This estimate is based on a slightly positive to low single-digit increase in same-store sales and 3.9% square footage growth.