- 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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