Dollar Tree Q2 Same-Store Sales Rise 3.7%, Topping Expectations
DLTR sits 53% above its 52-week low of $84.71.
Summary
Dollar Tree reported Q2 same-store sales growth of 3.7%, topping expectations and validating its multi-price strategy. The company's Q2 EPS included a $1.31 benefit related to the net impact of tariff refunds. Dollar Tree sees FY comparable-store sales up 3%-4%, about 400 new store openings and 75 closings, FY sales from continuing operations of $20.5B-$20.7B, and FY adjusted EPS of $7.70-$8.05. This follows the conversion of over half its stores to higher price tiers and a $2.5B buyback authorization announced in July.
At the time of this announcement, DLTR was trading at $130.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $25.4B. The 52-week trading range was $84.71 to $142.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.