Dollar Tree stock falls 20% after cutting forecasts amid stubborn inflation
Dollar Tree(DLTR) New York Post·2024-09-05 01:31
Dollar Tree's stock price plunged by more than 20% on Wednesday after the discount retailer missed quarterly estimates and slashed its annual forecasts — another sign that inflation-weary consumers are paring back spending. "Customers are expanding their consumption (on low-margin essentials) while contracting their spending on discretionary items because of macro belttightening," Dollar Tree CFO Jeff Davis said on a post-earnings call. Dollar Tree signage 3 Dollar Tree has seen its stock price fall by 20% ...