Dollar Tree Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 came to 62 cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.
EPS increased 10.4% year over year from 56 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $127.6 million, an increase from $125.5 million in the year-earlier period.
The normalized profit margin fell to 6.3% from 6.8% in the year-earlier period.
Total revenue climbed 9.5% on an annual basis to $2.03 billion from $1.85 billion, and total operating expenses increased 10.0% from the prior-year period to $1.82 billion from $1.65 billion.
Reported net income declined from the prior-year period to $121.9 million, or 59 cents per share, from $125.6 million, or 56 cents per share.
