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Services | Discount, Variety Stores | USA
Dollar Tree Beats Earnings Expectations, Will Close 390 Family Dollar Stores
Dollar Tree beats Wall Street's fourth-quarter earnings expectations but says it will close as many as 390 Family Dollar Stores this year.
Dollar Tree reported a fourth-quarter loss of $2.31 billion, or $9.66 a share, compared with a profit of $1.04 billion, or $4.37 a share, a year earlier, as the retailer recorded a $2.73 billion goodwill impairment charge related to the Family Dollar business.
Adjusted earnings for the quarter were $1.93 a share, up from $1.89 a share a year ago and ahead of analysts' expectations of $1.92. Sales for the quarter totaled $6.21 billion, compared with $6.36 billion a year ago. Wall Street was looking for $6.2 billion in sales. The company said it recorded a $13 million charge in the fourth quarter to write down certain store assets, including $6.1 million associated with impairment of favorable lease rights.
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https://www.thestreet.com/investing/doll...yptr=yahoo
![[Bild: DLTRc1dl1508.png]](https://finviz.com/publish/030619/DLTRc1dl1508.png)
Dollar Tree Beats Earnings Expectations, Will Close 390 Family Dollar Stores
Dollar Tree beats Wall Street's fourth-quarter earnings expectations but says it will close as many as 390 Family Dollar Stores this year.
Dollar Tree reported a fourth-quarter loss of $2.31 billion, or $9.66 a share, compared with a profit of $1.04 billion, or $4.37 a share, a year earlier, as the retailer recorded a $2.73 billion goodwill impairment charge related to the Family Dollar business.
Adjusted earnings for the quarter were $1.93 a share, up from $1.89 a share a year ago and ahead of analysts' expectations of $1.92. Sales for the quarter totaled $6.21 billion, compared with $6.36 billion a year ago. Wall Street was looking for $6.2 billion in sales. The company said it recorded a $13 million charge in the fourth quarter to write down certain store assets, including $6.1 million associated with impairment of favorable lease rights.
....
https://www.thestreet.com/investing/doll...yptr=yahoo
