Dollar Tree Inc : On conf call- merchandise margin increased in q2 . On conf call- opened a total of 99 new Dollar Tree stores in Q2 . New and newly re-bannered stores increased cannibalization of comparable sales in Q2, expect this to be a headwind through remainder of year . Currently reviewing opportunities to refinance our current debt structure given market conditions in the capital markets . Ceo- "our SNAP or food stamp penetration is fairly small to begin with, especially in the Dollar Tree segment so it's less than 5%" . Certainly our customers at Family Dollar are still under pressure from snap cuts . "I can't tell you (competition) is an issue anymore for us than it usually is" . Cfo- " consumer still seeing a lot of pressure on costs increase with rent and food and health care and taxes" Further company coverage: [DLTR.O] ((email@example.com;)).
Dollar General: Dollar General sees reduction of about $0.02 to $0.03 in diluted EPS during Q3 2016, primarily related to closed store lease obligations . Dollar General sees reduction due to expenses resulting from purchase of 41 former Walmart express store locations .Forty of these acquired stores will serve as relocation sites for existing stores, and 37 of 41 purchased stores will offer fueling stations.
Dollar Tree Inc : Dollar tree, Inc reports results for the second quarter fiscal 2016 . Sees FY 2016 earnings per share $3.67 to $3.82 . Sees q3 2016 sales $5.02 billion to $5.1 billion . Sees FY 2016 sales $20.69 billion to $20.87 billion . Q2 sales $5.0 billion versus I/B/E/S view $5.09 billion . Sees q3 2016 earnings per share $0.76 to $0.82 . Q2 earnings per share $0.72 . Q2 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . Sees low single-digit increase in same-store sales in q3 . Full-Year 2016 sales outlook is based on a low single-digit increase in same-store sales . Q3 earnings per share view $0.76, revenue view $5.13 billion -- Thomson Reuters I/B/E/S . FY earnings per share view $3.79, revenue view $20.97 billion -- Thomson Reuters I/B/E/S .Q2 same store sales rose 1.2 percent, on a constant-currency basis.
Dollar General Corp : Dollar general reports second quarter 2016 financial results . Q2 earnings per share $1.08 . Q2 same store sales rose 0.7 percent . Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Q2 sales $5.39 billion versus i/b/e/s view $5.5 billion . Confirms 2016 full year diluted eps guidance of 10% to 15% growth . Board of directors approves incremental $1.0 billion share repurchase authorization . Capital expenditures for fiscal 2016 are now expected to be in range of $580 million to $630 million . As of july 29, 2016, total merchandise inventories, at cost, were $3.27 billion compared to $3.03 billion as of july 31, 2015 .Fy earnings per share view $4.64 -- Thomson Reuters I/B/E/S.
Burlington Stores Inc : Burlington stores, inc. Announces second quarter and first half fiscal 2016 results, exceeding prior guidance; raises fiscal year 2016 outlook . Q2 earnings per share $0.28 . Q2 same store sales rose 5.4 percent . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees FY 2016 sales up 7.8 to 8.3 percent . Sees q3 2016 sales up 7.1 to 8.1 percent . Sees FY 2016 net sales to increase in range of 7.8% to 8.3% . Sees 2016 comparable store sales to increase between 3.6% to 4.1% . Sees q3 comparable store sales to increase in range of 2.5% to 3.5 . Sees FY adjusted eps in range of $2.92 to $2.96 . Sees q3 adjusted net income per share in range of $0.30 to $0.32 . Sees q3 net sales to increase in range of 7.1% to 8.1% . Fy earnings per share view $2.88, revenue view $5.48 billion -- Thomson Reuters I/B/E/S . Q3 earnings per share view $0.33, revenue view $1.32 billion -- Thomson Reuters I/B/E/S . Qtrly total revenue $1.26 billion versus $1.15 billion last year .Q2 revenue view $1.24 billion -- Thomson Reuters I/B/E/S.
Massmart Holdings Ltd : Interim results for the 26 weeks ended June 26 2016 . Sales for 26 weeks to June 26 42.31 bln rand up by 8.7 pct . Operating profit for 26 weeks to June 26 before interest 819.1 mln rand up by 19.5 pct . Total dividend per share 74.1 cents down by 49.2 pct . Headline earnings before forex for 26 weeks to June 26 at 406.0 mln rand, up by 14.2 pct . Headline earnings and headline EPS increased by 19.0 pct and 19.3 pct respectively over prior period . For 34 weeks to August 21 2016, total sales increased by 8.3 pct and comparable sales increased by 5.9 pct . Trading conditions in most non-SA countries where we have stores are unlikely to deteriorate further provided there are no exogenous shocks .Should currency strengthen and food pricing move into disinflation, it is possible trading in 2017 may be relatively better than 2016.
: Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg . Target Corp says discovered last month that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton - Bloomberg . Target says informed Welspun that, due to this conduct, in the process of terminating relationship with them - Bloomberg . Target says phasing out all of its products from Welspun - Bloomberg .Target says withdrawal includes two lines of Egyptian cotton bedding, and not all of its Egyptian cotton sheets are affected- Bloomberg.
Tuesday Morning Corp : Q4 loss per share $0.09 . Q4 sales $222.8 million versus i/b/e/s view $228.5 million . Q4 same store sales rose 6 percent . Q4 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Quarterly comparable store sales increased 6.0 percent . Company currently expects to invest capital of about $40 million to $45 million in fiscal 2017 . Inventories at end of Q4 of fiscal 2016 were $242.3 million compared to $210.0 million at end of Q4 of fiscal 2015 .Currently expects to invest capital of about $40 million to $45 million in fiscal 2017.
Target Corp : Q2 comparable sales decreased 1.1 percent . Q2 GAAP EPS from continuing operations of $1.07 and adjusted EPS of $1.23 . Q2 sales $16,169 million versus $17,427 million . Q2 earnings per share view $1.12, revenue view $16.18 billion -- Thomson Reuters I/B/E/S . Quarterly digital channel sales increased 16 percent. . 44-Cent difference between FY guidance ranges for GAAP EPS from continuing operations and adjusted EPS reflects early debt retirement losses already reported in 2016 . FY2016 earnings per share view $4.72 -- Thomson Reuters I/B/E/S . On pace to exceed its goal to save $2 billion in costs over 2-year period ending in 2016 . Sees FY 2016 GAAP earnings per share $4.36 to $4.76 from continuing operations . Sees FY 2016 adjusted earnings per share $4.80 to $5.20 . Quarterly comparable sales growth in signature categories outpaced total comparable sales by about 3 percentage points . In Q3 2016, target expects both GAAP EPS from continuing operations and adjusted EPS of $0.75 to $0.95 . In both third and fourth quarters of 2016, target now expects comparable sales growth in range of down 2.0 percent to flat . Based on current retail environment company believes it is prudent to lower expectations for comparable sales in second half of year . "We are planning for a challenging environment in back half of year".
BIM Birlesik Magazalar AS : Revises 2016 sales growth target outlook to 15 percent from 20 percent .Says first six months of the year sales growth realised at 16 percent, below targeted 20 percent.