Greenback Tree, Inc. (NASDAQ: DLTR) reported its second quarter 2024 earnings outcomes at the moment.

Consolidated internet gross sales elevated 0.7% to $7.37 billion. Enterprise same-store internet gross sales rose 0.7%. 

Web earnings was $132.4 million, or $0.62 per share, in comparison with $200.4 million, or $0.91 per share, final 12 months. Adjusted EPS was $0.67.

Income and earnings each missed estimates, sending the inventory crashing over 12% in premarket hours on Wednesday.  

For fiscal 12 months 2024, consolidated internet gross sales are anticipated to vary between $30.6-30.9 billion. The corporate expects to ship comparable retailer internet gross sales progress within the low-single-digits for the enterprise and each the Greenback Tree and Household Greenback segments. Adjusted EPS is anticipated to vary from $5.20-5.60.

The corporate expects consolidated internet gross sales for the third quarter of 2024 to be $7.4-7.6 billion, primarily based on comparable retailer internet gross sales progress within the low-single-digits for the enterprise and each the Greenback Tree and Household Greenback segments. Adjusted EPS for Q3 2024 is anticipated to be $1.05-1.15.

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