Categories AlphaGraphs, Earnings, Retail

DLTR Earnings: Key quarterly highlights from Dollar Tree’s Q2 2023 financial results

Dollar Tree, Inc. (NASDAQ: DLTR) reported second quarter 2023 earnings results today.

Consolidated net sales increased 8.2% to $7.32 billion compared to the same period a year ago. Enterprise same-store sales increased 6.9%.

Net income was $200.4 million, or $0.91 per share, compared to $359.9 million, or $1.60 per share, last year. Adjusted EPS rose 43% to $0.91.

Both revenue and earnings beat estimates.

For the third quarter of 2023, the company expects consolidated net sales of $7.3-7.5 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 $0.94-1.04.

Consolidated net sales for full-year 2023 are now expected to range from $30.6-30.9 billion. The company expects to deliver a mid-single-digit comparable store sales increase for the year, comprised of mid-single-digit increases in the Dollar Tree and Family Dollar segments. EPS is projected to be $5.78-6.08.

The stock dropped over 4% in premarket hours on Thursday.  

Prior performance

Most Popular

Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit

Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the

What to look for when Netflix (NFLX) reports its Q2 2025 earnings results

Shares of Netflix, Inc. (NASDAQ: NFLX) stayed red on Monday. The stock has gained 50% over the past three months. The streaming giant is scheduled to report its earnings results

Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?

Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal

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