Dollar Tree Lowers FY24 Outlook: Adj EPS Of $5.20-$5.60 From $6.50-$7.00 Prior Vs $6.56 Estimate; Sales Of $30.60B-$30.90B From $31B-$32B Prior vs $31.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree has lowered its fiscal year 2024 outlook, adjusting its EPS to $5.20-$5.60 from $6.50-$7.00 and sales to $30.6B-$30.9B from $31B-$32B. This reflects second quarter results, a conservative sales outlook, and costs from the acquisition of 99 Cents Only Stores leases.
September 04, 2024 | 10:35 am
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NEGATIVE IMPACT
Dollar Tree has revised its fiscal year 2024 outlook, lowering its EPS and sales estimates due to second quarter results, a conservative sales outlook, and costs from the acquisition of 99 Cents Only Stores leases.
The downward revision in Dollar Tree's EPS and sales outlook is likely to negatively impact its stock price in the short term. The adjustments reflect weaker-than-expected Q2 results, a more conservative sales outlook, and additional costs from the acquisition of 99 Cents Only Stores leases, which are significant factors for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100