The fourth quarter came in solid for Dollar Tree, with revenue, comparable sales and earnings ahead year over year.
Income from continuing operations was $511.7 million, or $2.56 per diluted share, versus $400.2 million, or $1.86 per diluted share, in the year-prior quarter. Adjusted for one-time events, income from continuing operations was $512.1 million, or $2.56 per diluted share, versus $454.8 million, or $2.11 per diluted share, in the period a year earlier.
An analyst consensus estimate from Zacks Investment Research called for Dollar Tree earnings per diluted share from continuing operations of $2.53 and revenue of $5.47 billion.
Fourth-quarter comparable sales increased 5% year over year, according to the company.
Total revenue was $5.45 billion versus $5 billion in the year-before quarter. Operating income was $694.7 million versus $533.6 million in the year-previous period, while adjusted operating income was $695 million versus $627.8 million.
In the full fiscal year, income from continuous operations came in at $1.23 billion, or $5.94 per diluted share, versus $1.04 billion, or $4.83 per diluted share, in the year prior. Adjusted income from continuing operations was $1.19 billion, or $5.75 per diluted share, versus $1.1 billion, or $5.10 per diluted share, in the period a year earlier.
Total revenue was $19.41 billion versus $17.58 billion the year before. Operating income was $1.65 billion versus $1.46 billion in the year previous while adjusted operating income was $1.66 billion versus $1.56 billion.
In its outlook for the current fiscal year, the company stated that it expects net sales from continuing operations in the range of $20.5 to $20.7 billion and adjusted diluted earnings per share in the range of $6.50 to $6.90.
“Our strong results this quarter show that Dollar Tree remains America’s retail destination for value, convenience and discovery, underscored by our 20th consecutive year of positive same-store sales,” said Mike Creedon, Dollar Tree CEO. “By delivering great value at low prices, with disciplined execution, we continue to expand our reach and drive long-term growth.”
