Dollar Tree Q3 Adj EPS $0.97 Misses $1.01 Estimate, Sales $7.31B Miss $7.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree reported Q3 adjusted earnings of $0.97 per share, missing the consensus estimate of $1.01, and a 19.17% decrease from last year's $1.20 per share. Sales were $7.31B, also missing the estimate of $7.40B, but marked a 5.39% increase from the previous year.
November 29, 2023 | 11:31 am
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NEGATIVE IMPACT
Dollar Tree's Q3 earnings and sales missed analyst estimates, with a significant decrease in EPS compared to last year, despite a slight increase in sales.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment in the short term. The decrease in EPS year-over-year is particularly concerning, indicating potential underlying issues that could affect future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100