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Dollar Tree (NASDAQ: DLTR) 2Q19 Results: Beats Consensus on Revenues and Enterprise Comps While Profit Margins Contract

Executive Summary

  • Dollar Tree reported 2Q19 revenues of $5.74 billion, up 3.9% year over year and slightly above the $5.72 consensus estimate. EPS was $0.76, down 34.1% and below the $0.83 consensus.
  • Enterprise comps increased 2.4%, beating the 1.9% consensus; Dollar Tree comps grew 2.4%, short of the 2.8% consensus; and, Family Dollar comps increased 2.4%, beating the consensus estimate of 1.2%.
  • For 2019, the company expects revenues of $23.57-23.79 billion (up 3.3-4.2%), in line with consensus of $23.72 billion, and EPS of $4.90-5.11, in line with consensus estimate of $5.11.

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