Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Dollar Tree    DLTR

DOLLAR TREE (DLTR)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 06/20 10:00:00 pm
86.56 USD   -0.81%
06/19DOLLAR TREE : Re-opening soon
AQ
06/19DOLLAR TREE : County wants city to take over some roads
AQ
06/18DOLLAR TREE : Man sentenced 30 years for Pixler murder
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Dollar Tree same-store sales, forecast disappoint; shares fall

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/07/2018 | 06:33pm CEST
FILE PHOTO: A shopping cart is seen inside a Dollar Tree discount store in Garden City, New York

(Reuters) - Discount store operator Dollar Tree Inc (>> Dollar Tree) on Wednesday reported disappointing holiday-quarter sales and issued a full-year profit forecast that was below expectations, as it spends more, sending its shares down as much as 16 percent.

(Reuters) - Discount store operator Dollar Tree Inc on Wednesday reported disappointing holiday-quarter sales and issued a full-year profit forecast that was below expectations, as it spends more, sending its shares down as much as 16 percent.

Driver shortages in the trucking industry coupled with rising wages for hourly retail workers in a tight labor market, have increased costs for brick-and-mortar retail chains, which are already pouring a lot of money into their online business.

Focusing on customer service as a tool to one-up Amazon.com Inc has also forced many retailers to pay hourly workers higher wages or dole out bonuses, denting profits further.

Dollar Tree said it would spend $100 million of the benefit from a new corporate tax law to raise wages of hourly workers, give them more work hours and offer paid maternity leave for some employees, joining similar moves made by Walmart Inc (>> Wal-Mart Stores) and Target Corp (>> Target Corporation).

But as a result, rising wage actions and freight costs would hurt full-year profits by $68 million, the company said on a call.

"We expect continued pressure on store payroll based on state's increasing minimum wages and general average hourly rate increases. We have budgeted higher freight costs and diesel costs than a year ago," Chief Financial Officer Kevin Wampler said on a post-earnings call.

For the full-year, Dollar Tree expects a profit of $5.25 to $5.60 per share, much lower than the average analysts' estimate of $5.90 per share, according to Thomson Reuters I/B/E/S.

The Chesapeake, Virginia-based company also reported same-store sales for the key holiday season that missed estimates, as shoppers did not spend as much as expected at its stores.

Analysts had expected sales to get a boost from the pay rises and one-off bonus payments that many companies have given to blue collar workers — Dollar Tree's core customers — as a result of windfalls from changes to U.S. corporate tax rates.

The company's results come a week after biggest rival Walmart Inc (>> Wal-Mart Stores) reported a sharp drop in profit and online sales growth during the holiday period.

Net income more than tripled to $1.04 billion, or $4.37 per share, in the fourth quarter ended Feb. 3, mainly due to a $583.7 million benefit from changes in the U.S. tax code.

Excluding items, Dollar Tree earned $1.89 per share, while net sales rose 13 percent to $6.36 billion, both missing estimates.

(Reporting by Nivedita Balu in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak Dasgupta)

By Nivedita Balu

Stocks treated in this article : Wal-Mart Stores, Dollar Tree, Target Corporation, Amazon.com
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 0.88% 1750.08 Delayed Quote.48.34%
TARGET CORPORATION -1.54% 75.39 Delayed Quote.17.35%
WAL-MART STORES 0.00% 83.61 Delayed Quote.-15.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOLLAR TREE
06/19DOLLAR TREE : Re-opening soon
AQ
06/19DOLLAR TREE : County wants city to take over some roads
AQ
06/18DOLLAR TREE INC : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Yea..
AQ
06/18DOLLAR TREE : Man sentenced 30 years for Pixler murder
AQ
06/18DOLLAR TREE : SEC Filing 8K
CO
06/16POLICE : Chicago man, two juveniles charged in Oak Park armed robbery
AQ
06/15DOLLAR TREE : to relocate
AQ
06/14DOLLAR TREE : Arrest
AQ
06/14DOLLAR TREE : Major fire changes life in small town of Fairmont
AQ
06/13DOLLAR TREE : Man stabbed then has bicycle stolen outside Dollar Tree in central..
AQ
More news
News from SeekingAlpha
12:06aDaily Insider Ratings Round Up 6/19/18 
06/17Dollar Tree Shares Just Got Thrown Into The Bargain Bin 
06/13The Funeral Of Toys 'R' Us - Who Inherits? 
06/12Credit Suisse defends Dollar Tree 
06/11We Like Dollar Tree 
Financials ($)
Sales 2019 23 018 M
EBIT 2019 1 928 M
Net income 2019 1 254 M
Debt 2019 3 603 M
Yield 2019 -
P/E ratio 2019 15,83
P/E ratio 2020 13,81
EV / Sales 2019 1,06x
EV / Sales 2020 0,97x
Capitalization 20 751 M
Chart DOLLAR TREE
Duration : Period :
Dollar Tree Technical Analysis Chart | DLTR | US2567461080 | 4-Traders
Technical analysis trends DOLLAR TREE
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 104 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Gary M. Philbin President, Chief Executive Officer & Director
Robert L. Sasser Executive Chairman
Michael A. Witynski Chief Operating Officer & Enterprise President
Kevin S. Wampler Chief Financial Officer
Joshua R. Jewett Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR TREE-19.34%20 751
COSTCO WHOLESALE CORPORATION11.50%90 432
THE TJX COMPANIES25.50%59 994
WAL-MART DE MEXICO S A B DE C V8.94%44 273
TARGET CORPORATION18.39%41 115
DOLLAR GENERAL CORPORATION4.64%26 205