Dollar Tree Inc. (NASDAQ:DLTR) stock climbed on Monday after the retailer released mixed quarterly results and an upbeat forecast.
- The company reported:
- Q4 adjusted earnings per share of $2.56, beating the analyst consensus estimate of $2.52 and within the management guidance of $2.40 to $2.60.
- Quarterly sales of $5.45 billion were almost in line with the Street view of $5.46 billion and management guidance range of $5.4 billion to $5.5 billion.
- Sales jumped 9%.
- Same-store net sales increased 5%, driven by a 6.3% increase in average ticket, partially offset by a 1.2% decline in traffic.