Dollar Tree Inc. said Thursday it had net income of $200.5 million, or 85 cents a share, in its fiscal first quarter to April 29, down from $232.7 million, or 98 cents a share, in the year-earlier period. Excluding an impairment charge related to Dollar Express, EPS came to 98 cents, matching the FactSet consensus. Sales rose 4% to $5.29 billion to also match the FactSet consensus. Same-store sales rose 0.5%, below the FactSet consensus of 1.2%. The discounter said it now expects second-quarter sales to range from $5.18 billion to $5.28 billion, compared with a FactSet consensus of $5.24 billion. It expects second-quarter EPS of 80 cents to 88 cents, compared with a consensus of 89 cents. Full-year sales are expected to range from $21.95 billion to $22.25 billion, compared with a prior forecast of $21.94 billion to $22.33 billion. EPS is expected to range from $4.17 to $4.43. Shares were down 3.4% premarket, but are up 1.2% in 2017 through Wednesday, while the S&P 500 has gained 7%.
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