Daily Journal masthead

Dollar Tree reports 2nd-quarter loss of $98 million

bug
Share/Save/Bookmark

CHESAPEAKE, Virginia — Dollar Tree Inc. (DLTR) on Tuesday reported a fiscal second-quarter loss of $98 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chesapeake, Virginia-based company said it had a loss of 46 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 25 cents per share.

The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The discount retailer posted revenue of $3.01 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $2.67 billion.

For the current quarter ending in November, Dollar Tree said it expects revenue in the range of $4.78 billion to $4.87 billion. Analysts surveyed by Zacks had expected revenue of $4.89 billion.

The company expects full-year revenue in the range of $15.3 billion to $15.52 billion.

Dollar Tree shares have risen almost 9 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen almost 4 percent. The stock has climbed 43 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTR at http://www.zacks.com/ap/DLTR

_____

Keywords: Dollar Tree, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.