What Dollar Tree Earnings Tell Jim Cramer About Retail

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Dollar Tree  (DLTR) - Get Report reported earnings.

The company reported diluted earnings that came in at $2.13 per share, two cents ahead of the Street consensus forecast. However, revenues, rose 7.1% to $6.77 billion, which came in just shy of analysts' estimates of a $6.875 billion tally

“I am very pleased with the team’s operating performance for the fourth quarter, highlighted by a solid same-store sales increase, improved gross margin and expense leverage,” said CEO Michael Witynski. “Furthermore, Dollar Tree has completed the rollout of the expanded Crafter’s Square assortment to all U.S. stores and has begun the expansion of our Dollar Tree Plus! initiative to a total of 500 stores, as announced last quarter."

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