Dollar Tree Q3: Sunny Days in a Cloudy Sector
Last week, Dollar Tree (NASDAQ: DLTR) released its Q3 of fiscal 2017 results which, like the previous quarter, beat convincingly on the bottom line. Many things went right for the discount retailer during the period; let's take a look at the earnings report to see how Dollar Tree managed to bring in the dollars this time.
Dollar Tree's Q3 saw the low-cost retailer book net sales of $5.32 billion, which was 6% higher on a year-over-year basis. The company's same-store sales rose by 3.3%, powered by the 5% of its flagship Dollar Tree brand. (It also owns Family Dollar, a 2015 acquisition.) On the bottom line, the company netted a profit of just under $240 million for the quarter, for a considerable 40% improvement.
That works out to $1.10 per share, well above the average of $0.90 analysts predicted. Revenue also beat the consensus, although not as spectacularly -- prognosticators were modeling $5.28 billion. The overall same-store-sales growth figure also topped the average expectation of a 2.4% increase.
Source: Fool.com
Dollar Tree Inc. Stock
The stock is one of the favorites of our community with 27 Buy predictions and 1 Sell predictions.
With a target price of 142 € there is a hugely positive potential of 85.77% for Dollar Tree Inc. compared to the current price of 76.44 €.
