Dollar Tree: 15% EPS growth in Q3
(CercleFinance.com) - Dollar Tree reported Q3 adjusted EPS growth of 15.
5% to $1.12, with an adjusted operating margin up 0.4 point to 4.5% on sales of $7.56bn, up 1.8% on a comparable basis.
For the current year, the distribution group now anticipates adjusted EPS of $5.31 to $5.51, instead of $5.20 to $5.60, and sales of $30.7bn to $30.9bn, instead of the previous estimate of $30.6bn to $30.9bn.
In addition, Dollar Tree has identified 970 underperforming Family Dollar stores as part of its portfolio optimization review (of which around 670 were closed by 2 November), and has announced the forthcoming departure of its CFO Jeff Davis.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5% to $1.12, with an adjusted operating margin up 0.4 point to 4.5% on sales of $7.56bn, up 1.8% on a comparable basis.
For the current year, the distribution group now anticipates adjusted EPS of $5.31 to $5.51, instead of $5.20 to $5.60, and sales of $30.7bn to $30.9bn, instead of the previous estimate of $30.6bn to $30.9bn.
In addition, Dollar Tree has identified 970 underperforming Family Dollar stores as part of its portfolio optimization review (of which around 670 were closed by 2 November), and has announced the forthcoming departure of its CFO Jeff Davis.
Copyright (c) 2024 CercleFinance.com. All rights reserved.