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

Why ghosting a potential employer is a big mistake
Wells Fargo raises its Nvidia price target to $315 from $140 in a rare double upgrade
Homebuilder and construction stocks enter bear market
Here are 3 top drug stock ideas from JP Morgan — including Merck
Britain’s CEO pay climbs 11% in one year — as working wages flatline

Leave a Reply

Your email address will not be published.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