2023-05-25 07:34:03 ET
- Dollar Tree press release ( NASDAQ: DLTR ): Q1 Non-GAAP EPS of $1.47 misses by $0.07 .
- Revenue of $7.33B (+6.2% Y/Y) beats by $60M .
- Same-Store Sales: Dollar Tree ( DLTR ) +3.4%; Family Dollar +6.6%; Enterprise +4.8%.
- Comparable Transaction Count: Dollar Tree +5.5%; Family Dollar +4.3%.
- Q2 Outlook : The company expects consolidated net sales in the range from $7.0 billion to $7.2 billion vs. consensus of $7.15B, 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 $0.79 to $0.89.
- The company tightens Fiscal 2023 sales outlook range to $30B to $30.5B vs. consensus of $30.31B.
- The company expects to deliver a low- to mid-single-digit comparable store sales increase for the year, comprised of a low- to 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 $5.73 to $6.13, including an expected benefit of $0.29 contribution from the 53 rd week and the $0.12 charge for the legal reserve.
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Dollar Tree Non-GAAP EPS of $1.47 misses by $0.07, revenue of $7.33B beats by $60M