Now what: Sasser also noted Family Dollar delivered its third straight quarter of positive same-store sales, and that the company remains on track with Family Dollar's integration and to achieve its previously outlined synergy targets.
In the meantime, for the current quarter, Dollar Tree anticipates revenue in the range of $5.03 billion to $5.12 billion, including year-over-year selling square footage growth of 2.4% and a low-single-digit increase in same-store sales, and diluted earnings per share of $0.66 to $0.72. By comparison, analysts' consensus estimates called for second-quarter revenue of $5.09 billion and earnings of $0.75 per diluted share.
For the full year, however, Dollar Tree now expects revenue of $20.79 billion to $21.08 billion (narrowed from its previous range of $20.76 billion to $21.11 billion) and net income per diluted share between $3.58 and $3.80 (up from its previous per-share range of $3.35 to $3.65).
In the end, after combining that strong full-year outlook with Dollar Tree's relative earnings outperformance and integration progress to start the new fiscal year, it's no surprise to see investors so aggressively bidding up shares today.
Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.