Dollar Tree reports Q3 operating EPS 81c, consensus 78c
Reports Q3 revenue $5.0B, consensus $5.08B. Same-store sales increased 1.7%, on a constant currency basis, compared to a 2.1% increase in the prior-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 1.8%. The same-store sales growth, representing the company's 35th consecutive quarter of positive same-store sales, was driven by increases in comparable customer count and average ticket. CEO Bob said, "I am proud of our team's achievements in our third quarter. Our results demonstrated a solid performance in our Dollar Tree segment, continued meaningful progress in our integration of Family Dollar, and our ability to refinance and pre-pay a portion of our outstanding debt in order to reduce future interest costs. After adding back 9c per share of expenses related to our debt refinancing, our operating performance of 81c per diluted share was near the top end of our third quarter EPS guidance range of 76c-82c."