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HomeMarketDLTR Earnings: All you must learn about Greenback Tree’s Q1 2024 earnings...

DLTR Earnings: All you must learn about Greenback Tree’s Q1 2024 earnings outcomes | AlphaStreet


Greenback Tree, Inc. (NASDAQ: DLTR) reported first quarter 2024 earnings outcomes right this moment.

Consolidated web gross sales elevated 4.2% year-over-year to $7.63 billion. Enterprise same-store gross sales elevated 1%.

Internet revenue was $300.1 million, or $1.38 per share, in comparison with $299 million, or $1.35 per share, final yr. Adjusted EPS was $1.43.

Earnings surpassed estimates whereas income got here in line.

For the second quarter of 2024, the corporate expects consolidated web gross sales to vary from $7.3-7.6 billion, primarily based on comparable web gross sales development within the low-single-digits for the enterprise. Adjusted EPS for the quarter is estimated to vary between $1.00-1.10.

In its earnings report, Greenback Tree stated it has initiated a proper assessment of strategic options for its Household Greenback enterprise phase, which might embody amongst others, a possible sale, spin-off or different disposition of the enterprise. The corporate has not set a deadline for the completion of this course of, and there’s no assurance that it’ll end in any transaction or explicit consequence.

The inventory dropped over 1% in premarket hours on Wednesday over information of the assessment of the Household Greenback enterprise.

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