Dollar Tree Inc. said its normalized net income for the fiscal first quarter ended May 3 amounted to 67 cents per share, compared with the S&P Capital IQ consensus estimate of 66 cents per share.
EPS rose 12.5% year over year from 60 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $139.9 million, an increase from $134.8 million in the prior-year period.
The normalized profit margin declined to 7.0% from 7.2% in the year-earlier period.
Total revenue increased 7.2% year over year to $2.00 billion from $1.87 billion, and total operating expenses rose 7.2% on an annual basis to $1.77 billion from $1.65 billion.
Reported net income rose on an annual basis to $139.2 million, or 67 cents per share, from $132.9 million, or 59 cents per share.