Dollar Tree, Inc. (DLTR) reported that its first-quarter net income rose to $133.5 million from $116.1 million in the same quarter last year. Earnings per share for the first quarter were $0.59, an 18.0% increase compared to earnings per share of $0.50 reported for the first quarter 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated net sales for the first quarter were $1.87 billion, an 8.3% increase compared to $1.72 billion reported in first quarter 2012. Comparable store sales increased 2.1%, on top of a 5.6% increase for the first quarter 2012. Twenty two analysts had consensus revenue estimate of $1.87 billion for the quarter.
The company estimates sales for the second quarter of 2013 to be in the range of $1.81 billion to $1.86 billion, based on low-single digit positive comparable store sales. Earnings per share are estimated to be in the range of $0.52 to $0.57. Analysts expect the company to report earnings of $0.57 per share on revenues of $1.86 billion for the second-quarter.
For fiscal 2013, sales are now estimated to be in the range of $7.81 billion to $7.97 billion. This estimate is based on a range of low-single digit positive comparable store sales. Fiscal year 2013 earnings per share are expected to be $2.61 to $2.77. Analysts expect the company to report earnings of $2.79 per share on revenues of $7.94 billion for fiscal 2013.
Earlier, the company had expected earnings per share for fiscal 2013 in a range of $2.54 to $2.74 and sales between $7.79 billion and $7.97 billion. The estimate was based on low single-digit positive comparable-store sales, and square footage growth of about 7.3 percent for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.