Dollar Tree: 15% EPS growth in Q3

(CercleFinance.com) - Dollar Tree reported adjusted EPS growth of 15.
5% to $1.12 for its third fiscal quarter, with adjusted operating margin up 0.4 points to 4.5% on sales of 7.56 billion, 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 $30.7 to $30.9 billion, instead of the previous estimate of $30.6 to $30.9 billion.

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 November 2), and has announced the forthcoming departure of its CFO Jeff Davis.

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