DLTR - Dollar Tree Analysts Slash Their Forecasts After Downbeat Q4 Earnings | Benzinga
Dollar Tree, Inc. (NASDAQ: DLTR) reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates.
Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from Benzinga Pro.
The company opened 219 new stores in the quarter and closed 72 stores. Dollar Tree repurchased 3.9 million shares in the quarter for $504.3 million.
"Our core operating performance was strong in the fourth quarter, despite some unanticipated developments related to general liability ...