Categories AlphaGraphs, Consumer

A visual dashboard of Dollar Tree (DLTR) Q1 2020 earnings results

Dollar Tree’s (NASDAQ: DLTR) first quarter 2020 earnings and sales figures beat the market’s estimates sending the shares up by about 6% in the pre-market trading session. The company reported adjusted earnings of $1.04 per share on revenue of $6.29 billion for the quarter ended May 2, 2020. Analysts had projected Dollar Tree to earn $0.91 per share on revenue of $6.11 billion.

Dollar Tree (DLTR) Q1 2020 earnings infograph

The strong same-store sales growth of 15.5% in Family Dollar resulted in an 8% sales growth for the discount retailer in the recently ended quarter. While enterprise same-store sales increased 7%, Dollar Tree same-store sales decreased 0.9% compared to the year-ago quarter.

On March 31, Dollar Tree withdrew its first quarter 2020 and fiscal 2020 outlook due to uncertainty in the wake of COVID-19 pandemic. The company also suspended its share buyback temporarily.

Dollar Tree’s peer Dollar General (NYSE: DG) also reported its first quarter earnings today, while Costco (NASDAQ: COST) is set to report its quarterly earnings after the market closes today.

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top