FINANCE

Dollar Tree posts larger-than-expected Q4 profit

BY Katherine Boccaccio

Chesapeake, Va. — Dollar Tree Inc. reported Wednesday a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

Sales climbed 15.4% to $2.25 billion, boosted by an extra week in the quarter. Wall Street expected $2.23 billion in sales. Same-store sales increased 2.4%.

“I am pleased with the growth of Dollar Tree’s sales and earnings in the fourth quarter and for the year of 2012,” said president and CEO Bob Sasser. “On top of a very strong fourth quarter performance in 2011, average basket size increased and customers responded this year in record numbers. These results were achieved through the efforts of thousands of Dollar Tree associates across North America, working every day to provide a unique assortment of merchandise at great values in stores that are clean, bright, and fun to shop.”

For the full year, the company’s consolidated net sales were $7.39 billion, an 11.5% increase compared with 2011 sales of $6.63 billion. Same- store sales increased 3.4%, on top of a 6.0% increase last year.

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E.Ka says:
Mar-19-2013 07:58 pm

Another topic about taking
Another topic about taking risks on expectations, I hope this will not be like the others. Advice is to lessen expectations and aim only the ones achievable. - Rich Von Alvensleben

E.Ka says:
Mar-19-2013 07:58 pm

Another topic about taking risks on expectations, I hope this will not be like the others. Advice is to lessen expectations and aim only the ones achievable. - Rich Von Alvensleben

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STORE SPACES

Walmart expands solar installations in Hawaii

BY Katherine Boccaccio

Kapolei, Hawaii — Wal-Mart Stores Inc. announced Wednesday that, together with SunEdison, it has completed new solar power installations at three Walmart stores in Kahului, Kailua-Kona and Kapolei, Hawaii, doubling the total number of stores in Hawaii powered by renewable solar energy.

The installations contribute to Wal-Mart’s objective of being supplied 100% by renewable energy. Similar installations are already in operation atop the Honolulu Sam’s Club and Mililani Walmart on Oahu, and the Lihue Walmart on Kauai.

During the first full year of production, the 311 kilowatt solar power rooftop system on each store will produce more than 400,000 kilowatt hours of solar electricity. Each rooftop system will eliminate 320 metric tons of CO2e annually. That means the three systems combined, over a 10-year period, will eliminate 9600 metric tons. One year of operation for each rooftop system is equivalent to removing 67 cars off the road for one year. That means the three systems combined will remove the equivalent of 2,010 cars over a 10-year period.

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FINANCE

Sears Canada profit dips 3% in Q4

BY Katherine Boccaccio

Toronto — Sears Canada Inc. reported Wednesday that profit for the fourth quarter dipped 3% to $38.8 million on weakened hardware and electronics sales.

Revenue fell 5% to$1.25 billion in the period, and same-store sales dropped 3.8%.

Parent Sears Holdings Corp., which cut its stake in Sears Canada from 90% to 51% last year, said in January that Sears Canada’s fourth quarter adjusted earnings would fall by about half.

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E.Ka says:
Mar-19-2013 07:56 pm

I hope you can do better next
I hope you can do better next time, do some activities to increase profit. It will surely cover up the losses. - Rich Von Alvensleben

E.Ka says:
Mar-19-2013 07:56 pm

I hope you can do better next time, do some activities to increase profit. It will surely cover up the losses. - Rich Von Alvensleben

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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