Dollar Tree Inc. DLTR, +1.06% banal fell 5% successful Thursday premarket trading aft the discount retailer reported 2nd 4th income that fell abbreviated of expectations. Net income totaled $282.4 million, oregon $1.23 per share, up from $261.5 million, oregon $1.10 per share, past year. Sales of $6.34 cardinal were up from $6.28 cardinal successful 2020. The FactSet statement was for EPS of $1.01 and income of $6.44 billion. Dollar Tree Plus, the multi-price merchandise that exceeds the accustomed $1 terms constituent volition grow to the 500-store people for fiscal 2021 and is expected to adhd 1,500 stores successful fiscal 2022 with the extremity of astatine slightest 5,000 by 2024. The institution volition besides turn its combo stores that location some Family Dollar and Dollar Tree nether 1 extortion successful 2022. For the 3rd quarter, the institution expects nett income successful the scope from $6.40 cardinal to $6.52 cardinal based connected low-single-digit same-store income growth. EPS is expected to beryllium successful the scope of 88 cents and 98 cents. The FactSet statement is for income of $6.43 cardinal and EPS of $1.26. For the afloat year, nett income are expected to beryllium successful the scope from $26.19 cardinal to $26.44 cardinal based connected a debased single-digit same-store income increase, and the EPS outlook is for a scope of $5.40 to $5.60. The FactSet statement is for income of $26.39 cardinal and EPS of $5.98. Dollar Tree banal has slipped 1.6% for the twelvemonth to day portion the S&P 500 scale SPX, +0.22% has gained 19.7% for the period.
Dollar Tree sales, earnings guidance fall short of expectations
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