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Dollar Tree Earnings: What To Look For From DLTR


Anthony Lee /
2024/09/03 3:02 am EDT

Discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) will be reporting earnings tomorrow before the bell. Here’s what you need to know.

Dollar Tree met analysts’ revenue expectations last quarter, reporting revenues of $7.63 billion, up 4.2% year on year. It was a slower quarter for the company, with revenue guidance for the next quarter below analysts' expectations. 

Is Dollar Tree a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Dollar Tree’s revenue to grow 2.1% year on year to $7.48 billion, slowing from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.04 per share.

Dollar Tree Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dollar Tree has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Dollar Tree’s peers in the non-discretionary retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dollar General delivered year-on-year revenue growth of 4.2%, missing analysts’ expectations by 1.5%, and Sprouts reported revenues up 11.9%, topping estimates by 3.2%. Dollar General traded down 33% following the results while Sprouts was up 13.2%.

Read our full analysis of Dollar General’s results here and Sprouts’s results here.

There has been positive sentiment among investors in the non-discretionary retail segment, with share prices up 4.5% on average over the last month. Dollar Tree is down 12.4% during the same time and is heading into earnings with an average analyst price target of $131.1 (compared to the current share price of $84.49).

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