Yahoo Finance Dollar Tree, Dollar General Trade Higher On Q1 Earnings Beats
Dollar Tree (NASDAQ: DLTR) shares were trading higher Thursday after the company reported better-than-expected first-quarter EPS and sales results.
The company reported quarterly earnings of $1.04 per share, beating the analyst consensus estimate of 91 cents by 14.29%. This is an 8.77% year-over-year decrease from earnings of $1.14 per share.
Dollar Tree reported quarterly sales of $6.29 billion, which beat the analyst consensus estimate of $6.11 billion by 2.95%. This is a 8.28% increase over sales of $5.81 billion in the same period last year.
"Family Dollar delivered strong same-store sales with a 15.5% increase and a 230 basis point improvement in operating margin,” Mike Witynski, enterprise president at Dollar Tree, said in a statement.
“Dollar Tree same-store sales decreased by 90 basis points, as the seasonal and discretionary business was materially impacted by lower Easter holiday sales. The most negatively impacted categories - party, candy, and Easter - affected Dollar Tree's overall comp for the quarter by approximately 490 basis points."
Dollar Tree's shares were up 9.67% at $95.99 in Thursday's premarket session. The stock has a 52-week high of $119.71 and a 52-week low of $60.20.
Dollar General Reports Q1 Earnings Beat
Dollar General (NYSE: DG) shares were also trading higher after the retailer reported better-than-expected first-quarter EPS and sales results.
The company reported quarterly earnings of $2.56 per share, which beat the analyst consensus estimate of $1.70 by 50.59%. This is a 72.97% increase over earnings of $1.48 per share from the same period last year.
The company reported quarterly sales of $8.4 billion, which beat the analyst consensus estimate of $7.4 billion by 13.51%. This is a 26.83% increase over sales of $6.62 billion the same period last year.
"These are certainly unprecedented times, and our hearts go out to everyone who has been affected by the COVID-19 pandemic," CEO Todd Vasos said in a statement.
"We are very grateful for those serving on the front lines, and particularly our store associates, distribution center employees and private fleet drivers for their incredible efforts,” adds Vasos.
Dollar General's stock was up 1.23% at $189.94 in Thursday's premarket session. The stock has a 52-week high of $187.20 and a 52-week low of $118.20.
Related Links:
Dollar General Reports Q4 Earnings Beat
Dollar Tree Reports Mixed Q4 Earnings
Photo by Michael Rivera via Wikimedia.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
