Dollar Tree Inc. (DLTR) reported a decline in second-quarter profits compared to the previous year, falling short of analysts' projections.
The company posted earnings of $132.4 million, or $0.62 per share, down from $200.4 million, or $0.91 per share, in the same quarter last year.
On an adjusted basis, excluding specific items, Dollar Tree reported earnings of $143.4 million, or $0.67 per share.
This result was below the consensus estimate of $1.04 per share compiled by Thomson Reuters, which typically excludes special items from their calculations.
However, the company's revenue for the quarter increased by 0.7%, reaching $7.378 billion, up from $7.325 billion in the prior year.
Key financial figures for Dollar Tree Inc. (GAAP):
- **Earnings (Q2):** $132.4 million vs. $200.4 million last year
- **EPS (Q2):** $0.62 vs. $0.91 last year
- **Revenue (Q2):** $7.378 billion vs. $7.325 billion last year
**Guidance:**
- **Next quarter EPS guidance:** $1.05 to $1.15
- **Next quarter revenue guidance:** $7.4 to $7.6 billion
- **Full year EPS guidance:** $5.20 to $5.60
- **Full year revenue guidance:** $30.6 to $30.9 billion
