Categories AlphaGraphs, Consumer, Earnings
DLTR Earnings: Dollar Tree Q1 earnings, revenue top expectations
Dollar Tree, Inc. (NASDAQ: DLTR) on Thursday announced first-quarter 2022 financial results, reporting a sharp increase in net profit amid a 6.5% sales growth. The numbers also beat analysts’ estimates.
The discount store chain reported net sales of $6.9 billion, up 6.5% year-over-year and above Wall Street’s projection. Total same-store sales rose 4.4%, with an 11.2% growth in the Dollar Tree segment more than offsetting a 2.8% decrease in Family Dollar comps.
First-quarter net income increased to $536.4 million or $2.37 per share from $374.5 million or $1.60 per share in the prior-year period.
“During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements. Shoppers are responding favorably as the new, greater value products hit our shelves,” said Michael Witynski, chief executive officer of Dollar Tree.
Check this space to read management/analysts’ comments on Dollar Tree’s Q1 report
Shares of Dollar Tree made strong gains early Thursday soon after the announcement, after closing the previous session higher.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Abbott Laboratories (ABT) Q1 2024 earnings results
Abbott Laboratories (NYSE: ABT) reported its first quarter 2024 earnings results today. Total sales increased 2.2% year-over-year to $10 billion. Organic sales growth was 10.8%. Net earnings decreased 7% to $1.22
US Bancorp (USB) Q1 2024 Earnings: Key financials and quarterly highlights
US Bancorp (NYSE: USB) reported its first quarter 2024 earnings results today. Total net revenue decreased 6.4% year-over-year to $6.7 billion. Net income applicable to US Bancorp common shareholders decreased
UAL Earnings: United Airlines Q1 loss narrows on higher revenues; results beat
United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the first quarter of 2024, on an adjusted basis. The bottom line benefitted from an increase in revenues.