DLTR - Dollar Tree Non-GAAP EPS of $0.91 beats by $0.04 revenue of $7.32B beats by $110M
2023-08-24 06:35:22 ET
- Dollar Tree press release ( NASDAQ: DLTR ): Q2 Non-GAAP EPS of $0.91 beats by $0.04 .
- Revenue of $7.32B (+8.1% Y/Y) beats by $110M .
- Same-Store Sales: Dollar Tree +7.8%; Family Dollar +5.8%; Enterprise +6.9%.
- Q3 outlook - The company expects consolidated net sales for the third quarter will range from $7.3 billion to $7.5 billion, based on a mid-single-digit increase in same-store sales for the enterprise, and for the Dollar Tree and Family Dollar segments. Diluted EPS for the quarter is estimated to be in the range of $0.94 to $1.04.
- FY outlook - Consolidated net sales for full-year fiscal 2023 are now expected to range from $30.6 billion to $30.9 billion. The Company expects to deliver a mid-single-digit comparable store sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment. Selling square footage is expected to grow by 3.0% to 3.5% for the year, with new store growth back-end weighted. Diluted EPS is expected to range from $5.78 to $6.08, including the $0.12 charge for the legal reserve taken in the first quarter and the impact of the 53 rd week in fiscal 2023.
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Dollar Tree Non-GAAP EPS of $0.91 beats by $0.04, revenue of $7.32B beats by $110M