Dollar Tree expects net sales between $21.94bn and $22.33bn
The company forecast earnings for the first quarter below analysts' estimates, while fiscal 2017 earnings are projected in line with their expectations.
For the first quarter, Dollar Tree forecast consolidated net sales to range from $5.26 billion to $5.35 billion, based on a flat to low single-digit increase in same-store sales for the combined enterprise, and earnings per share of $0.91 to $0.98.
This compares to a reported earnings of $0.98 per share and adjusted earnings of $0.89 per share for the prior year's first quarter.
For fiscal 2017, Dollar Tree estimates consolidated net sales between $21.94 billion and $22.33 billion, based on a flat to low single-digit increase in same-store sales and 3.9 percent square footage growth. The company projects earnings per share to range from $4.20 to $4.56.
Fiscal 2017 will include a 53rd week. The extra week, in the fourth quarter, is expected to add $400 million to $430 million to sales and $0.19 to $0.22 to earnings per share, both of which are included in the guidance. ■
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