Dollar Tree quarterly same-store sales miss estimates

Earnings


Shannon Stapleton | Reuters

A man enters a Dollar Tree discount store in Garden City, New York.

Discount store operator Dollar Tree on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather.

Sales at established stores open for more than a year rose 1.4 percent, lower than the average analysts’ estimate of 2.19 percent, according to Thomson Reuters I/B/E/S.

Net income fell to $160.5 million, or 67 cents per share, in the first quarter ended May 5, from $200.5 million, or 85 cents per share, a year earlier.



Source link

Products You May Like

Articles You May Like

Here’s your holiday tipping guide 2018
Social Security notices available online, though traffic slows access
Buy Salesforce, Splunk, VMware, Workday on downturns
People share retirement tactics, from cutting costs to working longer
This one chart shows the confusion caused by the Trump administration

Leave a Reply

Your email address will not be published. Required fields are marked *