Net sales in the Dollar Tree banner grew to $2.7 billion during the quarter from $2.5 billion last year. In the Family Dollar banner, net sales remained flat from the prior-year period at $2.7 billion. During the quarter, the company opened 130 stores, expanded or relocated 26 stores and closed five.
For the second quarter of 2018, Dollar Tree expects consolidated net sales to be $5.47 billion to $5.57 billion, based on a low single-digit increase in same-store sales for the combined enterprise. Diluted EPS is expected to be $1.07 to $1.16.
For the full fiscal year of 2018, the company expects consolidated net sales to be $22.73 billion to $23.05 billion, based on a low single-digit increase in same-store sales. Diluted EPS is expected to be $4.80 to $5.10.