Dollar Tree Inc.'s (DLTR) second-quarter net income grew to $78.0 million or $0.61 per share from $56.9 million or $0.42 per share last year.
On average, 21 analysts polled by Thomson Reuters expected earnings per share of $0.54 for the quarter. Analysts' estimate typically excludes one-time items.
Consolidated net sales for the second quarter were $1.38 billion, a 12.7% increase compared with $1.22 billion reported for the quarter ended August 1, 2009. Twenty analysts estimated revenues of $1.35 billion for the quarter.
Comparable store sales increased 6.7%, on top of a 6.8% increase for the second quarter 2009.
President and Chief Executive Bob Sasser said, "Sales were strong throughout the quarter, driven by increases in both traffic and average ticket. Customers are responding in record numbers to our outstanding values and fun shopping experience. Leading categories in the second quarter included food, health and beauty care products and party supplies. In addition, our seasonal sell-through was on plan and our inventory is clean heading into the Fall season."
Looking ahead to the third quarter, earnings per share are estimated to be in the range of $0.57 - $0.62, while sales for the third quarter are estimated to be in the range of $1.35 billion - $1.39 billion.
Twenty-one analysts project third-quarter earnings per share of $0.61, while 19 analysts anticipate revenues of $1.37 billion.
For the full year, the company expects earnings per share to be $2.84 - $2.96, including the impact of the non-cash, non-recurring charge in the first quarter relating to the its prior announced retail inventory accounting change. Excluding the charge, earnings per share for the full year 2010 are expected to be $2.97 - $3.09 compared with its prior guidance of $2.86- $3.00.
Full-year sales are now estimated to be in the range of $5.77 billion to $5.86 billion.
Twenty-two analysts project full-year earnings per share of $2.98 and 21 analysts estimate revenues of $5.78 billion for 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.