CHESAPEAKE, Va. (AP) — CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Wednesday reported fiscal fourth-quarter net income of $452.2 million.
The Chesapeake, Virginia-based company said it had net income of $2.04 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The discount retailer posted revenue of $7.72 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $7.61 billion.
For the year, the company reported profit of $1.62 billion, or $7.21 per share. Revenue was reported as $28.32 billion.
For the current quarter ending in April, Dollar Tree said it expects revenue in the range of $7.2 billion to $7.4 billion. Analysts surveyed by Zacks had expected revenue of $6.77 billion.
The company expects full-year earnings to be $6.30 to $6.80 per share, with revenue ranging from $29.9 billion to $30.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTR at https://www.zacks.com/ap/DLTR
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