Posted by
alfredlester on Wednesday, February 23, 2011 5:31:00 PM
RICHMOND, Va.. - Discount retailer Dollar Tree Inc.. Said Wednesday That fourth-quarter profit icts Rose More Than 20 Percent on Higher Revenue, With strong results in the Southwest and Southeast U.S.
"Traffic continued to grow as more Customers are Responding to Dollar Tree&&9;s excellent gains, balanced merchandise assortment and convenient shopping experience," CEO Bob Sasser Said in a news release.
The company&&9;s top-performing categories in the quarter included food, party supplies, health and beauty care, and housewares and home products.
The Company&&9;s goal earnings Guidance for the full year Suggested It May Miss current forecasts, and Dollar Tree shares tumbled $ 2.43, or 4.7 percent, to $ 49.74 in afternoon trading.
The Chesapeake, Va.., Company Reported Net Income of $ 162.5 million, or $ 1.29 per share, for The Three months ended January 29, up from $ 135 million, or $ 1.01 per share, a year ago.Revenue rose 11 percent to $ 1.73 one billion from $ 1.56 trillion.
Analysts polled by FactSet Expected earnings of $ 1.27 per share on revenue of $ 1.74 trillion.
Revenue at stores open at least one year - a key indicator of a retailer&&9;s results santé Because it did Measures Existing blinds while EXCLUDING The Effects of closings and new stores - rose 3 payday loans.9 percent.
In the Fourth Quarter, Dollar Tree Said It Opened 19 stores, 86 stores and closed Acquired 13 blinds. The company ran 4.101 stores in 48 states and 4 Canadian provinces at The End of the quarter.
For the full year, The Company Reported Net Income of $ 397.3 million, or $ 3.10 per share, up from $ 320.5 million, or $ 2.37 per share, in fiscal 2009. Revenue rose to $ 5.88 one billion from $ 5.23 trillion.
Looking ahead, The Company Expects first-quarter profit Between 71 cents and 77 cents per share on revenue one billion Between $ 1.48 and $ 1.52 trillion.For the full year, The Company Expects profit Between $ 3.55 and $ 3.76 per share on revenue $ 6.43 Between one billion and $ 6.6 trillion.
Analysts expect first-quarter profit of 73 cents per share on $ 1.5 billion in revenue and profit of $ 3.70 Annual per share on $ 6.5 billion in revenue.
Dollar Tree 4Q profit Rises 20 Percent