Dollar Tree: stock soars pre-market as targets raised
(CercleFinance.com) - The retailer Dollar Tree has raised its full-year guidance, now expecting EPS of 7.
80 to 8.20 dollars (from 7.60 to 8 dollars) and net sales of 27.76 to 28.14 billion dollars (from 27.22 to 27.85 billion dollars).
The group reported Q1 EPS that is up 48.1% to a record 2.37 dollars, with a 260-bp improvement in its operating margin to 10.6% on net sales that are up 6.5% to 6.90 billion dollars (+4.4% on a comparable basis).
Management said that its initiatives are working and generating higher profits and cash flow, adding that it believes that it is the right time to accelerate growth-oriented investments while improving efficiency.
Although down over 5% YTD, dollars really are growing on trees in pre-market trading today, with the stock up over 16% before the opening bell.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
80 to 8.20 dollars (from 7.60 to 8 dollars) and net sales of 27.76 to 28.14 billion dollars (from 27.22 to 27.85 billion dollars).
The group reported Q1 EPS that is up 48.1% to a record 2.37 dollars, with a 260-bp improvement in its operating margin to 10.6% on net sales that are up 6.5% to 6.90 billion dollars (+4.4% on a comparable basis).
Management said that its initiatives are working and generating higher profits and cash flow, adding that it believes that it is the right time to accelerate growth-oriented investments while improving efficiency.
Although down over 5% YTD, dollars really are growing on trees in pre-market trading today, with the stock up over 16% before the opening bell.
Copyright (c) 2022 CercleFinance.com. All rights reserved.