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Dollar Tree Updates Annual Guidance - Quick Facts


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(RTTNews.com) - Dollar Tree, Inc. ( DLTR ) announced its consolidated net sales for fiscal 2018 are now expected to range from $22.73 billion to $23.05 billion compared to the previously expected range of $22.70 billion to $23.12 billion. The estimate is based on a low single-digit increase in same-store sales and 3.7% square footage growth. The company now anticipates net income per share will range between $4.80 and $5.10 compared to the previously expected range of $5.25 to $5.60. The company noted that its updated annual guidance range includes $0.52 per share of one-time costs associated with the first quarter debt refinancing.

The company estimates consolidated net sales for the second quarter of 2018 to range from $5.47 billion to $5.57 billion, based on a low single-digit increase in same-store sales for the combined enterprise. Earnings per share are estimated to be in the range of $1.07 to $1.16.

For the first-quarter, consolidated net sales increased 5.0% to $5.55 billion from $5.29 billion in the prior year's first quarter. Enterprise same-store sales increased 1.4%. Same-store sales for the Dollar Tree banner increased 4.0% on a constant currency basis (or 4.1% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner decreased 1.1%.

For the first-quarter, excluding debt refinancing costs in the current year quarter and the receivable impairment from the prior year's quarter, earnings per share improved 21.4% to an adjusted $1.19 compared to an adjusted $0.98 from the prior year quarter.


Read the original article on RTTNews (http://www.rttnews.com/2900390/dollar-tree-updates-annual-guidance-quick-facts.aspx)


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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: DLTR



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