Updates
** Shares of discount retailer Dollar Tree DLTR.O up as much as ~6% at $113.61
** Stock set for its best day in more than three months, if gains hold
** Co beats Q4 profit estimates, sees a favorable tariff impact in the near term
** Quarterly adjusted EPS came in at $2.56, beating estimates of $2.52, net sales in line with estimates - data compiled by LSEG
** However, co forecasts annual sales largely below expectations as budget-conscious consumers tighten spending
** Michael Gunther from Consumer Edge says dollar store spend growth has moderated a bit in recent periods, but Dollar Tree has gained market share within the dollar store space across all income groups over the past year, including over the key holiday period
** Expects annual net sales in the range of $20.5 billion to $20.7 billion, compared with analysts' estimates of $20.69 billion
** As of last close, stock down ~13% YTD
(Reporting by Koyena Das from Bengaluru)
((Koyena.das@thomsonreuters.com))