Dollar Tree Q1 Adj $1.43 Beats $1.42 Estimate, Sales $7.63B Inline
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree (NASDAQ:DLTR) reported Q1 earnings of $1.43 per share, beating the analyst estimate of $1.42. Sales were $7.63 billion, in line with expectations. Earnings decreased by 2.72% year-over-year, while sales increased by 4.22%.
June 05, 2024 | 10:32 am
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Dollar Tree's Q1 earnings of $1.43 per share beat the analyst estimate of $1.42, while sales of $7.63 billion met expectations. Despite a year-over-year earnings decrease of 2.72%, sales increased by 4.22%.
The slight beat on earnings per share and the in-line sales figures are likely to have a positive short-term impact on Dollar Tree's stock price. The year-over-year decrease in earnings is a concern but is offset by the increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100