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Dollar Tree fiscal Q3 profit falls 21.8% YOY

Dollar Tree Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 46 cents per share, compared with the S&P Capital IQ consensus estimate of 52 cents per share.

EPS declined 31.4% year over year from 68 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $109.3 million, a decrease of 21.8% from $139.8 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin declined to 2.2% from 6.7% in the year-earlier period.

Total revenue climbed year over year to $4.95 billion from $2.10 billion, and total operating expenses grew year over year to $4.67 billion from $1.86 billion.

Reported net income fell 37.6% on an annual basis to $82.5 million, or 35 cents per share, from $132.2 million, or 64 cents per share.