Dollar Tree, Inc. (DLTR) said the company is bringing in the high and low end of its fiscal 2023 outlook range for EPS to better reflect the balance of opportunities and risks in the current operating environment. EPS is expected to range from $5.78 to $6.08, including the $0.12 charge for the legal reserve taken in the first quarter and the impact of the 53rd week. Consolidated net sales are now expected to range from $30.6 billion to $30.9 billion. The company expects to deliver a mid-single-digit comparable store sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment.
For the third quarter, the company expects consolidated net sales to range from $7.3 billion to $7.5 billion, based on a mid-single-digit increase in same-store sales for the enterprise, and for the Dollar Tree and Family Dollar segments. EPS is estimated to be in the range of $0.94 to $1.04.
For comments and feedback: editorial@rttnews.com