Dollar Tree Investors Upbeat as EPS Expected to Double
Discount variety store chain may have generated $8.2 billion quarterly revenue
Dollar Tree, Inc. (DLTR) investors are upbeat ahead of the quarterly earnings announcement on March 26, 2025. The discount variety store shares that opened at $67.11 Monday raced up 5.14% in early trade as analysts have estimated $2.24 earnings per share for the quarter ending January 31, 2025.
Related News: Dollar Tree Announces Leadership Transition and Reaffirms Fiscal Third Quarter Outlook
The EPS estimate of 26 analysts is nearly double the EPS of $1.12 the company reported in the quarter ending October 31, 2024. That the estimate is slightly less than $2.55 earnings per share a year ago did not dent investor sentiment.
The company’s quarterly revenue is estimated to touch $8.24 billion, Yahoo Finance reports.
Thousands of $1 stores
The Chesapeake, Virginia, company operates thousands of $1 stores across 48 states and five Canadian provinces under the Dollar Tree and Family Dollar brands. Its product range covers household goods, groceries, beauty products, and seasonal items, targeting cost-conscious consumers. The brand is known for its convenient, no-frills shopping environment.
The company’s shareholders seem to be positive about the recently announced leadership transition with Stwart Glendinning taking over as the Chief Financial Officer, effective March 30. He will be replacing Jeff Davis who has announced plans to step down. “We are pleased to announce that Stewart will become our next CFO,” said Mike Creedon, Chief Executive Officer, Dollar Tree, Inc. “Stewart is a proven leader with a strong track record of driving financial excellence. In his short time with us, he’s contributed significantly to the review of strategic alternatives for our Family Dollar business, where we continue to make good progress. I look forward to working closely with Stewart as we seek to accelerate growth at Dollar Tree in 2025.”
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