CHESAPEAKE, Va. — Dollar Tree Inc. today reported fiscal fourth-quarter profit of $502.8 million.
On a per-share basis, the company said it had profit of $2.13.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The discount retailer posted revenue of $6.77 billion in the period, which met Street forecasts.
For the year, the company reported profit of $1.34 billion, or $5.65 per share. Revenue was reported as $25.51 billion.
Dollar Tree shares have dropped slightly more than 8% since the beginning of the year, while the S&P’s 500 index has climbed 3%. The stock has increased 17% in the past 12 months.