Dollar Tree beats by $0.12, reports revs in-line; guides Q4 EPS in-line, revs in-line
- Reports Q3 (Oct) GAAP earnings of $1.01 per share, $0.12 better than the Capital IQ GAAP Consensus of $0.89; revenues rose 6.3% year/year to $5.32 bln vs the $5.28 bln Capital IQ Consensus.
- Enterprise same-store sales increased 3.2% on a constant currency basis. Adjusted to include the impact of Canadian currency fluctuations, the enterprise same-store sales increase was 3.3%. The same-store sales growth was driven by increases in average ticket and comparable transaction count. Same-store sales for the Dollar Tree banner increased 5.0% on a constant currency basis (or 5.2% when adjusted to include the impact of Canadian currency fluctuations). Same-store sales for the Family Dollar banner increased 1.5%.
- Co issues in-line guidance for Q4, sees EPS of $1.80-1.89 vs. $1.80 Capital IQ Consensus Estimate; sees Q4 revs of $6.32-6.43 bln vs. $6.37 bln Capital IQ Consensus Estimate based on a low single-digit increase in same-store sales for the combined enterprise