Dollar Tree releases second quarter earnings report

North America’s leading operator of discount variety stores, today reported results for its second fiscal quarter ended August 1, 2015. Its stores operate under the brands of Dollar Tree Canada, Dollar Tree, Prices and Family Dollar. Before we begin, I would like to remind everyone that various remarks that we will make about future expectations, plans, and prospects for the Company constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995.

“We’re very pleased with the process and with the early results”, Sasser noted. The shares have underperformed the S&P 500 by 0.41% during the past week but Dollar Tree, Inc. The company has a 52-week high of $84.22.

Shares of RR Media Ltd (NASDAQ: RRM) got a boost, shooting up 21 percent to $7.75 following Globes report of a potential $250 million offer from SES. (NASDAQ:DLTR) appreciated by 0.5% during the past week but lost 1.67% on a 4-week basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The stock has mounted 43% in the previous 12 months.

Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.94% during midday trading on Monday, hitting $76.61.

A number of analysts have weighed in on DLTR shares.

Dollar Tree and other discount retailers attracted droves of shoppers during the recession to conveniently located stores selling affordable, smaller-size products.

The Street expects revenues of $15.57 billion for the year.

According to Gary M. Philbin, president and COO of the Family Dollar segment, “The business is not broken”.

Dollar Tree, Inc. has dropped 0.32% during the last 3-month period. Sales growth was driven by increases in both traffic and average ticket, with traffic increasing the most. Analyst had a consensus of $0.68 EPS. Share prices are impacted by earnings announcements accordingly; if a company announces profitability, after the earnings date, it will typically be purchased and its price will increase. Additionally, for the full year, the company projects net sales to lie between $15.30 billion and $15.52 billion.

On a per-share basis, the Chesapeake, Virginia-based company said it had a loss of 46 cents.

Now the company Insiders own 1.9% of Dollar Tree, Inc. Now I will turn the call over to Bob Sasser, Dollar Tree’s Chief Executive Officer. As of July 06, 2015, the Company ran more than 13,600 stores across 48 states and five Canadian provinces. The 52-week high of Dollar Tree, Inc. Analysts’ estimates typically exclude special items. Science Applications reported better-than-expected earnings for its fiscal second quarter, but the company’s sales missed analysts’ estimates.