Dollar Tree: beats consensus in Q2
(CercleFinance.com) - Dollar Tree has published Q2 EPS that is up 44.
7% at 1.10 dollar, about twenty cents above the consensus, with its operating margin up 1.3 point at 6%.
The retail chain saw its sales increase by 9.4% to nearly 6.3 billion dollars, including a 7.2% increase at constant stores, with the group estimating costs related to Covid-19 and riots over the period at over 150 million dollars.
Expecting the uncertainty and volatility relating to the health crisis to continue, Dollar Tree does not want to provide any financial targets at this stage, pointing out that it withdrew its 2020 outlook at the end of March.
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