Dollar Tree Q3 Outlook: Adj. EPS $1.05-$1.15 Vs. $1.32 Estimate, Sales $7.40B-$7.60B Vs. $7.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree's Q3 2024 outlook reveals lower-than-expected EPS and sales estimates, with adjusted EPS projected between $1.05 and $1.15, below the $1.32 estimate. Sales are expected to be between $7.4B and $7.6B, slightly below the $7.59B estimate. The outlook is impacted by costs related to acquisitions and higher project expenses.
September 04, 2024 | 10:37 am
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Dollar Tree's Q3 2024 outlook indicates a potential short-term negative impact on its stock price due to lower-than-expected EPS and sales estimates. The adjusted EPS is projected between $1.05 and $1.15, below the $1.32 estimate, and sales are expected to be between $7.4B and $7.6B, slightly below the $7.59B estimate. The outlook is affected by acquisition costs and higher project expenses.
The lower-than-expected EPS and sales estimates suggest a potential negative reaction from investors. The adjusted EPS range of $1.05 to $1.15 is significantly below the $1.32 estimate, indicating potential earnings pressure. Additionally, sales projections are slightly below expectations, which could further weigh on investor sentiment. The impact of acquisition costs and higher project expenses adds to the negative outlook.
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IMPORTANCE 80
RELEVANCE 100