Dollar Tree Stock Down on Q2 Earnings Miss & Slashed FY24 View
Dollar Tree(DLTR) ZACKS·2024-09-05 03:31
Dollar Tree, Inc. (DLTR) has reported bleak second-quarter fiscal 2024 results, with both earnings and sales lagging the Zacks Consensus Estimate. The top line rose year over year while the bottom line declined. Results were hurt by a tough macro landscape. Also, product cost inflation and elevated occupancy costs acted as deterrents. Shares of Dollar Tree have lost more than 15% following the earnings release. The negative sentiment was due to the dismal results. Shares of this Zacks Rank #4 (Sell) company ...