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Dollar Tree's Fiscal Q3 Adjusted Earnings, Revenue Rise; Updates Fiscal 2024 Earnings Guidance
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Dollar Tree's Fiscal Q3 Adjusted Earnings, Revenue Rise; Updates Fiscal 2024 Earnings Guidance
Dec 4, 2024 4:20 AM

07:02 AM EST, 12/04/2024 (MT Newswires) -- Dollar Tree ( DLTR ) reported fiscal Q3 adjusted earnings Wednesday of $1.12 per diluted share, up from $0.97 a year earlier.

Analysts polled by FactSet expected $1.07.

Revenue for the quarter ended Nov. 2 was $7.57 billion compared with $7.31 billion a year earlier.

Analysts surveyed by FactSet expected $7.45 billion.

For fiscal Q4, the company expects adjusted diluted EPS to be $2.10 to $2.30. Analysts polled by FactSet expected $2.23. The company expects net sales for the quarter to be $8.1 billion to $8.3 billion. Analysts surveyed by FactSet expected $8.23 billion.

The company narrowed its fiscal 2024 adjusted diluted EPS guidance range to $5.31 to $5.51 from $5.20 to $5.60. Analysts surveyed by FactSet expect $5.39. The company raised the lower end of its revenue guidance for the year to $30.7 billion to $30.9 billion from $30.6 billion to $30.9 billion. Analysts polled by FactSet expect $30.70 billion.

Dollar Tree ( DLTR ) shares rose more than 5% in premarket trading.

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