--> -3.8% Pre-market
Dollar Tree misses by $0.04, misses on revs; guides Q2 EPS below consensus, revs below consensus; guides FY16 EPS below consensus, revs below consensus
Reports Q1 (Apr) earnings of $0.71 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $0.75; revenues rose 8.8% year/year to $2.18 bln vs the $2.21 bln consensus.
Co issues downside guidance for FY16, sees EPS of $3.32-3.47 vs. $3.53 Capital IQ Consensus Estimate; sees FY16 revs of $9240-9420 mln vs. $9.45 bln Capital IQ Consensus Estimate.
- Sales performance was negatively impacted by delayed receipts at four of the Co's 10 distribution centers related to the west coast port congestion and the previously disclosed estimate of $8 mln impact from the holiday calendar shift.
- Co opened 93 stores, expanded or relocated 10 stores, and closed six stores during the quarter. Retail selling square footage increased to 47.2 mln square feet, a 7.1% increase compared to the prior year.
Co issues downside guidance for FY16, sees EPS of $3.32-3.47 vs. $3.53 Capital IQ Consensus Estimate; sees FY16 revs of $9240-9420 mln vs. $9.45 bln Capital IQ Consensus Estimate.