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Last $77.18 USD
Change Today -1.50 / -1.91%
Volume 3.7M
DLTR On Other Exchanges
Symbol
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DLTR is not on other exchanges.
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

dollar tree inc (DLTR) Key Developments

Dollar Tree, Inc. Plans to Open 400 New Stores in 2015

Dollar Tree, Inc. announced that it is on track with plan for fiscal 2015, which includes 400 new stores and 75 relocations and expansion for a total of 475 projects across the U.S. and Canada.

Dollar Tree, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for Full Year of 2015

Dollar Tree, Inc. reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the period, the company reported net sales increased 8.8% to $2.176 billion from $2.003 billion in the prior year’s first quarter. Consolidated same-store sales increased 3.4% on a constant currency basis, compared to a 2.0% increase in the prior-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 3.1%. Operating income was $232.8 million, compared to $231.9 million for the last year. Income before income taxes was $113.2 million, compared to $223.8 million for the last year. Net income, compared to the prior year's first quarter, including acquisition-related costs, was $69.5 million or $0.34 per diluted share, against $138.3 million or $0.67 per diluted share a year ago. Excluding acquisition-related costs, net income increased approximately $8.0 million to $146.3 million and diluted earnings per share increased 6% to $0.71. Net cash provided by operating activities was $129.8 million, compared to $198.2 million for the last year. Capital expenditures were $66.9 million, compared to $71.9 million for the last year. Adjusted operating income was $243.2 million and adjusted income before income taxes was $237.6 million. The company estimates consolidated net sales for the second quarter of 2015 to range from $2.17 billion to $2.23 billion, based on a low to low-mid single-digit increase in same-store sales and 8.0% square footage growth. Diluted earnings per share, excluding acquisition-related costs, are expected to range from $0.63 to $0.68. The sales range implies a low to low mid-single digit comparable store sales increase and 8% square footage growth. Additionally, the company has not included any acquisition-related costs in its second quarter outlook as it cannot currently forecast the timing of when these costs will be incurred. The company’s guidance also assumes a tax rate of 38.3% for the second quarter Consolidated net sales for full-year 2015 are now expected to range from $9.24 billion to $9.42 billion compared to the company’s previous expected range of $9.21 billion to $9.45 billion. This estimate is based on a low to low-mid single-digit increase in same-store sales, and 7.3% square footage growth. Adjusted for its first quarter results, outlook for the remainder of the year remains unchanged from the company’s original 2015 guidance. The company now anticipates net income per diluted share for full-year 2015, excluding acquisition-related costs, will range from $3.32 to $3.47. This compares to its previous guidance, excluding acquisition-related costs, of $3.30 to $3.50. For 2015, the company expects depreciation and amortization to range from $215 million to $225 million. The company's guidance for 2015 takes into account the actual performance in the first quarter, and except for small refinements to the share count and the tax rate, is unchanged from that which it has issued on February 26. The company’s guidance also assumes a tax rate of 38.1% for the full year.

Dollar Tree, Inc., Q1 2016 Earnings Call, May 21, 2015

Dollar Tree, Inc., Q1 2016 Earnings Call, May 21, 2015

Family Dollar Stores And Dollar Tree Mulls Sale Of Stores

Family Dollar Stores Inc. (NYSE:FDO) and Dollar Tree, Inc. (NasdaqGS:DLTR) are seeking sale of Family Dollar Stores. Dollar Tree, Inc. said on April 7, 2015 that it expects to be able to complete its purchase of competitor Family Dollar in May 2015 and said it will have to sell about 340 Family Dollar locations to close the deal. Dollar Tree said the Federal Trade Commission is almost finished reviewing the $8.5 billion acquisition and has identified 340 stores that it wants the company to sell in order to preserve competition for consumers. Dollar Tree said all or almost all of those stores will be Family Dollar locations. It said the stores have about $47.4 million in operating income. Dollar Tree company said it is in talks with potential buyers for those stores.

Dollar Tree May Have To Divest Approximately 250 Locations

Dollar Tree, Inc. (NasdaqGS:DLTR) said on March 13, 2015 that it may have to divest approximately 250 locations to complete its acquisition of Family Dollar Stores. In an SEC filing Dollar Tree, reported the 250-store number, adding, “We continue to estimate that no more than roughly 300 stores will be required to be divested.”

 

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DLTR Competitors

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Company Last Change
Casey's General Stores Inc $91.00 USD +0.64
Dollar General Corp $73.56 USD +0.27
Family Dollar Stores Inc $78.17 USD -0.38
Publix Super Markets Inc $20.00 USD 0.00
Whole Foods Market Inc $42.30 USD -0.26
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Industry Analysis

DLTR

Industry Average

Valuation DLTR Industry Range
Price/Earnings 30.1x
Price/Sales 1.8x
Price/Book 8.5x
Price/Cash Flow 30.0x
TEV/Sales 0.8x
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