Dollar Tree Q2 Adj EPS $0.91 Beats $0.87 Estimate, Sales $7.33B Beat $7.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree (NASDAQ:DLTR) reported Q2 adjusted earnings of $0.91 per share, beating the analyst consensus estimate of $0.87 by 4.6%. However, this is a 43.13% decrease from the same period last year. The company also reported quarterly sales of $7.33 billion, beating the analyst consensus estimate of $7.18 billion by 2.02%, marking an 8.21% increase from the same period last year.
August 24, 2023 | 10:31 am
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Dollar Tree's Q2 earnings and sales beat estimates, but earnings are down 43.13% YoY. Sales are up 8.21% YoY.
While Dollar Tree beat earnings and sales estimates, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The increase in sales YoY is a positive sign, but it's unclear how the market will react to the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100