Dollar Tree Tightens FY23 EPS Outlook Range To $5.78-$6.08, Including $0.12 Legal Reserve From Q1 2023; Consensus $6.03
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree has revised its FY23 EPS outlook to a range of $5.78-$6.08, which includes a $0.12 legal reserve from Q1 2023. The consensus estimate was $6.03. Previously, the company had expected an EPS of $5.73-$6.13, including a $0.29 contribution from the 53rd week and a $0.12 charge for the legal reserve.
August 24, 2023 | 10:40 am
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Dollar Tree's revised FY23 EPS outlook is slightly lower than previously expected, which could potentially impact the company's stock price.
Dollar Tree's revised EPS outlook for FY23 is slightly lower than previously expected. This could potentially lead to a negative reaction from the market, as it indicates that the company's earnings might not be as high as previously anticipated. The inclusion of a $0.12 legal reserve also suggests potential legal issues, which could further impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100