Dollar Tree Stock News

(Reuters) -Discount store Dollar Tree Inc forecast full-year sales and profit largely below analysts'' estimates on Wednesday, hurt by product shortages and higher labor costs due to global supply

By Kimberly Chin Dollar Tree Inc. provided a 2022 earnings forecast ahead of analysts'' consensus estimates, but with a revenue view slightly below…

Dollar Tree, Inc. (DLTR) CEO Mike Witynski on Q4 2021 Results - Earnings Call Transcript

Dollar Tree Inc. stock fell 1.2% in Wednesday premarket trading after the discount retailer reported a sales miss. Net income totaled $454.2 million, or $2.01 per share, down from $502.8 million, or $2.13 per share, last year. The company experienced three uncommon charges during the quarter, including $34.1 million for a recall at an Arkansas distribution center and the 404 Family Dollar stores it serves due to a rodent infestation. Sales totaled $7.077 billion, up from $6.767 billion last year. The FactSet consensus was for EPS of $1.78 and sales of $7.120 billion. Same-store sales rose 2.5%, with Dollar Tree up 3.1% and Family Dollar up 1.7%. The FactSet consensus was for 2.9% same-store sales growth. "Importantly, we recently completed a successful conversion to a $1.25 price point across all Dollar Tree stores in the U.S., more than two months ahead of schedule, which significantly enhances our ability to provide a meaningful assortment at extreme value to our shoppers," said Michael Witynski, chief executive of the company, in a statement. "We continue to have terrific performance on other key strategic initiatives, including the expansion of our $3 and $5 Plus assortment in Dollar Tree stores, as well as our Combo Stores and H2 Renovations at Family Dollar." For the first quarter, Dollar Tree is guiding for sales in a range from $6.63 billion to $6.78 billion, a same-store sales increase in the low single-digits and EPS in the range of $1.95 to $2.10.

(Reuters) – Discount store Dollar Tree Inc missed Wall Street estimates for quarterly sales on Wednesday, hurt by product shortages due to global supply chain disruptions. Total sales rose 4.6% to $7.08 billion in the fourth quarter ended Jan. 29, missing analysts’ average estimate of $7.12 billion, according to IBES data from Refinitiv. (Reporting by … Read More

Dollar Tree press release (DLTR): Q4 GAAP EPS of $2.01 beats by $0.25.Revenue of $7.08B (+4.6% Y/Y) misses by $40M.Shares +1.6% PM.Same-Store Sales: Enterprise +2.5%; Dollar…

Dollar Tree misses quarterly sales estimates

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter and fiscal year ended January 29, 2022. “I am extremely proud of the team’s strong performance through this transformative quarter. We delivered comparable sales increases at Dollar Tree and Family Dollar, both representing improvements from the prior quarter on a two-year stack basis. Our EPS of $2.01 exceeded our $1.69 to $1.79 guidance range,” stated Michael Witynski, Pr

Dollar Tree (DLTR) gains from strong performances at its H2, Dollar Tree Plus and the new Combo Stores in Q4. Higher freight costs mar margins and the bottom line.

Three months after the parent company of the Dollar Tree and Family Dollar chain of discount stores announced it was “breaking the buck” and lifting its long-standing $1 price format to $1.25, the

Stocks around the world are rising after yesterday's slump, while commodity prices including oil, gas, wheat and corn rose

Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones tumbled around 600 points in the previous session. Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ: DLTR ). American Eagle Outfitters, Inc. (NYSE: AEO ) and Abercrombie & Fitch Co. (NYSE: ANF ). The ADP national employment report for February will be released at 8:15 a.m. ET. Chicago Fed President Charles Evans is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of St. Louis President James Bullard will speak at 9:30 a.m. ET. Fed Chair Jerome Powell is set to testify to Congress on monetary policy at 10:00 a.m. ET. The Federal Open Market Committee will release its Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average jumped 245 points to 33,512.00 while the Standard & Poor’s 500 index futures rose 34.50 points to 4,338.25. Futures for the Nasdaq index climbed 121 points to 14,126.50. Oil prices traded higher as Brent crude futures rose 5.7% to trade at $110.90 per barrel, while …

Dollar Tree Inc (NASDAQ: DLTR) reported fourth-quarter FY21 sales growth of 4.6% year-on-year, to $7.08 billion, missing the consensus of $7.12 billion. Enterprise same-store sales increased 2.5%.

Dollar Tree (DLTR) delivered earnings and revenue surprises of 12.29% and 0.69%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

The shares of Dollar Tree, Inc. (NASDAQ:DLTR) are down 4.2% at $133.81 this morning, after the discount retailer shared a full-year sales forecast that came in below analyst expectations.