Dollar Tree Sees FY22 EPS In Lower Half Of Previous Outlook; Increases Sales Guidance

Dollar Tree, Inc. (DLTR) said, for fiscal 2022, the company now expects earnings per share to be in the lower half of the company's previously provided outlook range of $7.10 to $7.40. Consolidated net sales are now projected to range from $28.14 billion to $28.28 billion, revised from the previous outlook range of $27.85 billion to $28.10 billion. The company expects to deliver a mid-single-digit comparable store sales increase for the year, comprised of a high single-digit increase in the Dollar Tree segment and a low-single-digit increase in the Family Dollar segment.

Analysts polled by Thomson Reuters expect the company to report profit per share of $7.32 on revenue of $28.08 billion. Analysts' estimates typically exclude special items.

The company expects consolidated net sales for the fourth quarter will range from $7.54 billion to $7.68 billion, based on a mid- to high-single-digit increase in same-store sales for the enterprise.

Third quarter net income increased 23.1% to $266.9 million and earnings per share increased 25.0% to $1.20. Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Third quarter consolidated net sales increased 8.1% to $6.94 billion. Enterprise same-store sales increased 6.5%. Dollar Tree comparable store sales increased 8.6%, or was up 8.5% when adjusted for currency fluctuations. Analysts on average had estimated $6.84 billion in revenue.

Shares of Dollar Tree are down 3% in pre-market trade on Tuesday.

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