Dollar Tree: Fiscal Q1 Earnings Snapshot
CHESAPEAKE, Va. (AP) — CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Wednesday reported fiscal first-quarter earnings of $300.1 million.
On a per-share basis, the Chesapeake, Virginia-based company said it had net income of $1.38. Earnings, adjusted for non-recurring costs, came to $1.43 per share.
The results met Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of $1.43 per share.
The discount retailer posted revenue of $7.63 billion in the period, which also matched Street forecasts.
For the current quarter ending in July, Dollar Tree expects its per-share earnings to range from $1 to $1.10.
The company said it expects revenue in the range of $7.3 billion to $7.6 billion for the fiscal second quarter.
Dollar Tree expects full-year earnings in the range of $6.50 to $7 per share, with revenue ranging from $31 billion to $32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a DLTR">Zacks stock report on DLTR at https://www.zacks.com/ap/DLTR
