Dollar Tree continues growth initiative following Q2 results

Dollar Tree customers are responding to the value retailer’s offerings in discretionary and consumable merchandise categories. As a result, its consolidated net sales for the second quarter ended Aug. 3 were $1.85 billion, up 8.8% from $1.7 billion for the prior-year quarter.

Comparable-store sales increased 3.7%, on top of a 4.5% increase for the second quarter 2012.

Earnings per diluted share for the second quarter were $0.56, up 9.8% from $0.51 earnings per diluted share reported for the prior-year quarter. Operating margin increased 10 basis points for the quarter to 10.9%.

“I am pleased with our second quarter performance,” said CEO Bob Sasser. “Sales, customer traffic, average ticket, earnings and operating margin all continue to grow. Our stores are well-stocked with a terrific merchandise presentation for back-to-school and the fall selling season.”

During the second quarter, Dollar Tree opened 81 stores, expanded or relocated 32 stores and closed 2 stores. Retail selling square footage increased 7% compared to a year ago, to 41.9 million sq. ft.

Year-to-date through August 3, 2013, the company’s consolidated net sales were $3.72 billion, up 8.5% from the first half of 2012. Comparable-store sales increased 2.8%, on top of a 5.1% comparable store sales increase in the first half last year.

First half 2013 earnings per share were $1.15, up 13.9% from earnings per share of $1.01 in the first half 2012. 

Operating margin in the first half 2013 was 11.2%, an increase of 30 basis points from operating margin of 10.9% in the first half 2012.

Dollar Tree operates 4,842 stores in 48 states and five Canadian provinces.

Dollar Tree continues growth initiative following Q2 results

Dollar Tree customers are responding to the value retailer’s offerings in discretionary and consumable merchandise categories. As a result, its consolidated net sales for the second quarter ended Aug. 3 were $1.85 billion, up 8.8% from $1.7 billion for the prior-year quarter.

Comparable-store sales increased 3.7%, on top of a 4.5% increase for the second quarter 2012.

Earnings per diluted share for the second quarter were $0.56, up 9.8% from $0.51 earnings per diluted share reported for the prior-year quarter. Operating margin increased 10 basis points for the quarter to 10.9%.

“I am pleased with our second quarter performance,” said CEO Bob Sasser. “Sales, customer traffic, average ticket, earnings and operating margin all continue to grow. Our stores are well-stocked with a terrific merchandise presentation for back-to-school and the fall selling season.”

During the second quarter, Dollar Tree opened 81 stores, expanded or relocated 32 stores and closed 2 stores. Retail selling square footage increased 7% compared to a year ago, to 41.9 million sq. ft.

Year-to-date through August 3, 2013, the company’s consolidated net sales were $3.72 billion, up 8.5% from the first half of 2012. Comparable-store sales increased 2.8%, on top of a 5.1% comparable store sales increase in the first half last year.

First half 2013 earnings per share were $1.15, up 13.9% from earnings per share of $1.01 in the first half 2012. 

Operating margin in the first half 2013 was 11.2%, an increase of 30 basis points from operating margin of 10.9% in the first half 2012.

Dollar Tree operates 4,842 stores in 48 states and five Canadian provinces.

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