DLTR's Q2 2009 profits rose 51% or 63 cents/share. Analysts were predicting a rise of 42 cents/share. The company also increased its full-year outlook by 35 cents to $3.10 to $3.25 cents/share.
DLTR posted Q1 2009 earnings of 66 cents per share, up from 48 cents per share a year ago. Net income rose 39% to $60.4 million for the quarter. Comparable store sales increased by 9.2%.
For Q4 FY2008, ended Jan 31, 2009, DLTR reported that net income was $105 million, an 11% increase from Q4 of the previous year. Earnings per share for the quarter was $1.15, also an increase of 11% from the $1.04 per diluted share reported for the previous-year quarter. While most retailers are reporting negative comparable store sales, DLTR comparable store sales were up 2.2% for the quarter, and 4% for the full year.
DLTR was downgraded by JPMorgan from neutral to overweight.
In Q3 2008, ended Nov. 1, 2008, DLTR's sales increased by 11.6% to $1.11 billion compared to the prior-year quarter, and comparable store sales were up by 6.2% as well. Outlook for sales for the next quarter is also expected to be positive, since during weak economic conditions, DLTR benefits from consumers seeking discounted goods.
Announced they would now accept Visa cards as new payment method in stores.
Analyst downgraded stock. Also some unknown due to abrupt resignation of CFO.