The discount retail chain recorded net income of $1.02 a share, 3 cents lower than analysts surveyed by Thomson Reuters had expected.
In the three months to Feb. 2, the company generated revenue of $2.23 billion, slightly lower than the year-ago quarter's $2.25 billion and $46.8 million below consensus.
Comparable-store sales increased 1.2% over the quarter, adding to a 2.4% increase a year earlier.
"Dollar Tree delivered record earnings and our comparable-store sales grew, despite severe weather, a shorter Holiday selling period and a challenging economic environment. More customers are shopping Dollar Tree, responding to our incredible values and convenient shopping experience," said CEO Bob Sasser in a statement.
Management guides current-quarter revenue between $1.98 billion and $2.04 billion, based on low single-digit comparable-store sales growth. Diluted earnings are expected between 63 cents and 68 cents a share.
For the full year, the company estimates sales between $8.35 billion and $8.58 billion, below consensus of $8.6 billion. Diluted earnings are expected in the range of $2.91 to $3.13 a share, lower than expectations of $3.25 a share.
TheStreet Ratings team rates DOLLAR TREE INC as a Buy with a ratings score of B. The team has this to say about their recommendation: