Dollar Tree Trims FY23 Earnings, Revenue Outlook
While reporting financial results for the third quarter on Wednesday, Dollar Tree, Inc. (DLTR) provided guidance for the fourth quarter and trimmed its earnings and revenue guidance for the full-year 2023.
For the fourth quarter, the company estimates earnings in a range of $2.58 to $2.78 per share on consolidated net sales between $8.6 billion and $8.8 billion, based on a low-single-digit increase in same-store sales for the enterprise.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.57 per share on sales of $8.73 billion for the quarter. Analysts’ estimates typically exclude special items.
Looking ahead to fiscal 2023, the company now projects earnings in a range of $5.81 to $6.01 per share on consolidated net sales between $30.5 billion and $30.7 billion, based on a mid-single-digit increase in same-store sales and 3.0 to 3.5 percent selling square footage growth.
Previously, the company expected earnings in a range of $5.78 and $6.08 per share on consolidated net sales between $30.6 billion and $30.9 billion, based on a mid-single-digit increase in same-store sales and 3.0 to 3.5 percent selling square footage growth.
The Street is looking for earnings of $5.97 per share on sales of $30.82 billion for the year.
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Original: RTT – Earnings: Dollar Tree Trims FY23 Earnings, Revenue Outlook