Company news: Dollar Tree (DLTR) reports quarterly results and announces agreement to divest its Family Dollar business

Dollar Tree (DLTR) reported Q4 FY2024 earnings of $2.11 per share (versus $2.55 per share in Q4 FY2023), which may not be comparable to analysts’ consensus estimate of $2.20 per share.

The company’s quarterly revenues amounted to $5.000 bln (+0.7% y/y), which may not be comparable to analysts’ consensus estimate of $8.237 bln.

The company also said its same-store net sales increased by 2.0% y/y in Q4 FY2024.

Dollar Tree also issued guidance for Q1 FY2025, seeing EPS of $1.10-1.25, which may not be comparable to analysts’ consensus estimate of $1.50, and revenues of $4.5-4.6 bln, which may not be comparable to analysts’ consensus estimate of $7.86 bln.

For the full FY2025, the company forecasts EPS of $5.50-5.50, which may not be comparable to analysts’ consensus estimate of $5.87, and revenues of $18.5-19.1 bln, which may not be comparable to analysts’ consensus estimate of $31.99 bln.

In addition, Dollar Tree announced an agreement to divest its Family Dollar Business to Brigade Capital Management and Macellum Capital Management.

DLTR rose to $68.65 (+2.25%) in pre-market trading.