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Dollar Tree Inc. (NASDAQ:DLTR) , one of the leading operators of discount stores, delivered fourth-quarter fiscal 2017 adjusted earnings of $1.89 per share that lagged the Zacks Consensus Estimate by a penny.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has witnessed an uptrend in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of nearly 7.4%.
Revenues: Dollar Tree generated net sales of $6,360.6 million that advanced 12.9% year over year but missed the Zacks Consensus Estimate of $6,401 million. Total enterprise comparable-store sales (comps) improved 2.4% (on a constant currency basis), with comps for Dollar Tree rose 3.8% and Family Dollar grew 1%.
Outlook: Management issued guidance for first quarter and fiscal 2018. It now forecasts consolidated net sales for the first quarter in the band of $5.53-$5.63 billion, with low single-digits comps growth. Earnings are envisioned in the range of $1.18-$1.25 per share.
For fiscal 2018, it projects consolidated net sales in the range of $22.70-$23.12 billion, with low single-digit comps increase and 3.7% rise in square footage. Further, earnings per share for the fiscal are envisioned in the $5.25-$5.60 range.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.32 and for the fiscal year, it stands at $5.85.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Dollar Tree’s shares fell 10.3% during pre-market trading following the quarterly results.
Check back later for our full write up on Dollar Tree’s earnings report!
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