Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Dollar Tree, Inc.    DLTR

DOLLAR TREE, INC.

(DLTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dollar Tree : beats estimates, signals strong start to holiday quarter

11/24/2020 | 11:03am EST
FILE PHOTO: A customer walks out of a Dollar Tree discount store in Austin, Texas

(Reuters) - Dollar Tree Inc reported better-than-expected quarterly results on Tuesday, as the discount store operator benefited from robust demand for cheaper home decor, kitchenware and clothing during a coronavirus-induced economic downturn.

The company also said it had made a good start to its holiday quarter, with same-store sales at both its labels tracking above their third-quarter levels, sending its shares 12% higher.

"We're seeing our discretionary side grow with both new and old customers," Chief Executive Officer Michael Witynski said on an earnings call.

Americans have turned to economy packs of consumables and cheaper non-essentials as COVID-19 cases surge across the country and household income declines due to the lack of a second stimulus check.

Dollar Tree said customers were stocking up items at its Family Dollar stores at nearly one-third of the pace seen at the panic-buying stage of lockdowns, as Americans look for budget-friendly ways to celebrate Thanksgiving and Christmas at home.

The company also announced the expansion of its higher-priced offering, Dollar Tree Plus, into about 500 stores starting from the spring of 2021, after an initial test in more than 100 stores.

The move came after rival Dollar General launched Popshelf stores, which are aimed at consumers spending more on non-essential items priced at $5 or less.

Same-store sales at Dollar Tree's eponymous business increased 4%, the most in the past 10 quarters, while they rose 6.4% at Family Dollar stores.

It earned $1.39 per share in the quarter ended Oct. 31, higher than analysts' average estimate of $1.15 per share, Refinitiv IBES data showed.

Net sales rose 7.5% to $6.18 billion, beating expectations of $6.13 billion.

(Reporting by Praveen Paramasivam and Mehr Bedi in Bengaluru; Editing by Aditya Soni)

By Mehr Bedi and Praveen Paramasivam


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DOLLAR GENERAL CORPORATION -0.73% 206.21 Delayed Quote.-1.94%
DOLLAR TREE, INC. 0.08% 107.88 Delayed Quote.-0.15%
All news about DOLLAR TREE, INC.
2020DOLLAR TREE : Zacks Adjusts Dollar Tree's Price Target to $113 from $117, Reiter..
MT
2020DOLLAR TREE : RBC Capital Adjusts Dollar Tree's Price Target to $129 From $122, ..
MT
2020"Top 21 Stocks for 2021" From UBS Highlights Pioneer Natural Resources, Targa..
MT
2020UBS Outlines Top Stock Picks for 2021 Including Dollar Tree, Amazon With Eye ..
MT
2020DOLLAR TREE : S&P Upgrades Dollar Tree Rating one Notch To 'BBB' On Sustained De..
MT
2020INSIDER TRENDS : Insider Acquisition Eases Back 90-Day Trend of Sales at Dollar ..
MT
2020Insider Sale at Dollar Tree Stores (DLTR) Continues Selling Trend
MT
2020INSIDER TRENDS : Dollar Tree Stores Sees 90 Days of Insider Selling, Trend Reduc..
MT
2020Insider Sale at Dollar Tree Stores (DLTR) Continues Selling Trend
MT
2020INSIDER TRENDS : 90-Day Insider Selling Trend Extended at Dollar Tree Stores
MT
More news
Financials (USD)
Sales 2021 25 545 M - -
Net income 2021 1 326 M - -
Net Debt 2021 2 539 M - -
P/E ratio 2021 19,2x
Yield 2021 -
Capitalization 25 373 M 25 373 M -
EV / Sales 2021 1,09x
EV / Sales 2022 1,04x
Nbr of Employees 125 000
Free-Float 98,7%
Chart DOLLAR TREE, INC.
Duration : Period :
Dollar Tree, Inc. Technical Analysis Chart | DLTR | US2567461080 | MarketScreener
Technical analysis trends DOLLAR TREE, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 121,58 $
Last Close Price 107,88 $
Spread / Highest target 29,8%
Spread / Average Target 12,7%
Spread / Lowest Target -11,9%
EPS Revisions
Managers and Directors
NameTitle
Michael A. Witynski President & Chief Executive Officer
Robert L. Sasser Executive Chairman
Thomas R. O’Boyle Chief Operating Officer
Kevin S. Wampler Chief Financial Officer
James A. Paisley Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR TREE, INC.-0.15%25 373
COSTCO WHOLESALE CORPORATION-3.84%160 483
TARGET CORPORATION8.71%96 103
THE TJX COMPANIES-2.02%80 334
WAL-MART DE MÉXICO, S.A.B. DE C.V.7.66%52 663
DOLLAR GENERAL CORPORATION-1.94%50 522