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Company Earnings Update

Dollar Tree (NASDAQ: DLTR) 4Q18 Results: Beats on Comps and EPS, Announces 2019 Store Optimization Plan of Renovations and Closures

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Coresight Research

Key Points

  • Dollar Tree reported 4Q18 revenues of $6.21 billion, down 2.4% year over year and in line with the consensus estimate. Adjusted EPS was $1.93, up 2.5% and beating consensus by a penny.
  • Enterprise comps increased 2.4%, beating the 1.4% consensus; Dollar Tree comps grew 3.2%, beating the 2.9% consensus; and, Family Dollar comps increased 1.4%, beating the consensus estimate of flat growth.
  • The company announced a plan for improving results at Family Dollar, planning to renovate 1,000 stores, including potentially closing 390 and rebranding 200 others under the Dollar Tree banner in 2019.
  • For 2019, the company expects revenues of $23.45-23.87 billion (up 3.0-4.6%), below consensus, and EPS of $4.85-5.25 (down 4-11%), also below consensus.

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