Categories AlphaGraphs, Consumer, Earnings

Infographic: Dollar Tree (DLTR) Q3 earnings, revenue match estimates; stock falls

Dollar Tree, Inc. (NASDAQ: DLTR) announced third-quarter 2021 financial results before the regular market hours on Tuesday, reporting a decline in net profit despite a 4% sales growth. The numbers were in line with analysts’ estimates.

Dollar Tree Q3 2021 earnings infographic

The discount store chain reported third-quarter revenue of $6.42 billion, up 4% year-over-year and in line with Wall Street’s projection. Total same-store sales rose 1.6%, with the Family Dollar and Dollar Tree segments growing 2.7% and 0.6% respectively. Net income was $216.8 million or $0.96 per share, lower than $330.0 million or $1.39 per share reported in the prior-year period.

“We experienced a strong finish to the quarter, as shoppers are increasingly focused on value in this inflationary environment. Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide,” said Michael Witynski, chief executive officer of Dollar Tree.

Read management/analysts’ comments on Dollar Tree’s Q3 report

DLTR shares dropped immediately after the earnings announcement in Tuesday’s pre-market session. The stock has traded mostly sidewise since the beginning of this year.

Prior Performance

  • Dollar Tree Q2 2021 earnings
  • Dollar Tree Q2 2020 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Beyond short-term challenges, Cisco’s (CSCO) prospects remain intact

Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff

Earnings: Applied Materials (AMAT) Q2 profit, revenue increase

Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts' estimates. Adjusted net income

Target (TGT) expects Q1 headwinds to continue to impact profitability in the near term

Shares of Target Corporation (NYSE: TGT) were down 4% on Thursday, yet to fully recover from the beating it took a day earlier after delivering mixed results for the first

Add Comment
Viewing Highlight