Dollar Tree (DLTR) Misses Q1 EPS by 4c; Updates on FTC Progress

Dollar Tree (NASDAQ: DLTR) reported Q1 EPS of $0.71, $0.04 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.2 billion.

Consolidated same-store sales increased 3.4%.

Dollar Tree sees Q2 2015 EPS of $0.63-$0.68, versus the consensus of $0.70. Dollar Tree sees Q2 2015 revenue of $2.17-2.23 billion, versus the consensus of $2.23 billion.

Dollar Tree sees FY2015 EPS of $3.32-$3.47, versus prior guidance of $3.30-$3.50 and the consensus of $3.49. Dollar Tree sees FY2015 revenue of $9.24-9.42 billion, versus prior guidance of $9.21-9.45 billion and the consensus of $9.41 billion.

FTC Update

Dollar Tree continues to make progress with the Federal Trade Commission (“FTC”) and divestiture buyers in order to complete the Company's pending acquisition of Family Dollar. The FTC's staff has substantially completed its review and we plan to divest approximately 330 Family Dollar stores representing approximately $45.5 million of operating income. The Company intends to reach an agreement with a divestiture buyer in the coming days and secure FTC clearance thereafter. The Company intends to close the proposed merger in early July 2015.

For earnings history and earnings-related data on Dollar Tree (DLTR) click here.

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