Dollar Tree (NASDAQ: DLTR) reported Q2 GAAP EPS of $0.76, versus the analyst estimate of $0.81. Revenue for the quarter came in at $5.74 billion versus the consensus estimate of $5.71 billion.

“The turnaround of the Family Dollar business continues to gain momentum. Family Dollar’s same-store sales increase of 2.4% was the third consecutive quarter of sequential acceleration and represented a 160 basis point improvement in the two-year stacked comp. And, despite sales headwinds created by the global helium shortage, the Dollar Tree segment delivered a same-store sales increase of 2.4%, while cycling a strong 3.7% increase from the prior year’s quarter. Dollar Tree has now delivered 46 consecutive quarters of positive same-store sales, and eight consecutive quarters with two-year stacked comps exceeding 6%,” stated Gary Philbin, President and Chief Executive Officer. “I am proud of the team’s accomplishments. During the quarter, we successfully consolidated our store support centers and, as planned, closed 296 Family Dollar stores as part of our store optimization efforts. Additionally, we completed 542 Family Dollar renovations into the H2 format.”

Consolidated net sales increased 3.9% to $5.74 billion from $5.53 billion in the prior year’s second quarter. Enterprise same-store sales increased 2.4%. Same-store sales for the Dollar Tree segment increased 2.4% on a constant currency basis (or 2.3% when adjusted to include the impact of Canadian currency fluctuations). The Company estimates the helium shortage negatively impacted Dollar Tree same-store sales by approximately 40 basis points. Same-store sales for the Family Dollar segment increased 2.4%

GUIDANCE:

Dollar Tree sees Q3 2019 EPS of $1.07-$1.16, versus the consensus of $1.14. Dollar Tree sees Q3 2019 revenue of $5.66-5.77 billion, versus the consensus of $5.74 billion.

Dollar Tree sees FY2019 EPS of $4.90-$5.11, versus the consensus of $5.14. Dollar Tree sees FY2019 revenue of $23.57-23.79 billion, versus the consensus of $23.68 billion.

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