Executive Summary
- EPS was $0.72 versus the $0.73 consensus estimate. Revenues were $5.0 billion, below the $5.08 billion consensus estimate, and not comparable due to the acquisition of Family Dollar in July 2015.
- Same-store sales were up 1.2%, driven by higher customer count and average ticket, up from up 2.7% in the year-ago quarter.
- The company reduced 2016 revenue guidance to $20.69–$20.87 billion from $20.79–$21.08 billion previously, on a low-single-digit increase in comps and a 4.0% increase in square footage, up from 2.4%. Dollar Tree narrowed/raised its EPS guidance range to $3.67–$3.82 from $3.38–$3.80.
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