Confirms FY guidance (Il Sole 24 Ore Radiocor) - New York, 05 Jun - The US budget retailer Dollar Tree said that in the first quarter ended May 4 diluted earnings per share rose 2.2% year on year to 1.38 dollars while adjusted diluted EPS fell 2.7% to 1.43 dollars.

Net sales increased 4.2% to 7.63 billion dollars. Enterprise same-store net sales rose 1.0%, driven by a 2.1% increase in traffic, offset by a 1.1% decrease in average ticket.

The company reiterated its full-year net sales outlook range of 31.0-32.0 billion dollars. It expects to deliver comparable net sales growth in the low-to-mid-single digit rate for the enterprise, mid-single-digits in the Dollar Tree segment, and low single-digits in the Family Dollar segment.

Adjusted diluted EPS is expected to be 6.50-7.00 dollars in the full year.

In the second quarter, Dollar Tree expects sales of 7.3-7.6 billion dollars, based on comparable net sales growth in the low-single-digit rate for the enterprise, 2.0-4.0% for the Dollar Tree segment, and approximately flat for the Family Dollar segment.

Adjusted diluted EPS for the quarter is estimated to be 1.00-1.10 dollars.

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(RADIOCOR) 05-06-24 19:12:06 (0668) 5 NNNN