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Dollar Tree Faces Mounting Headwinds: Analysts Lower Price Forecasts Amid Competitive Pressures and Rising Costs
DLTRDollar Tree(DLTR) Benzinga·2024-09-06 02:15

Dollar Tree, Inc. DLTR shares are trading higher on Thursday. Yesterday, however, the company's shares tumbled after it reported worse-than-expected second-quarter financial results and cut the outlook. The discount variety stores chain reported an adjusted EPS of $0.67, missing the consensus of $1.04, and down 26.4% year over year. Analysts covering the company provided their takes: BMO Capital Markets analyst Kelly Bania downgraded the stock to Market Perform from Outperform, lowering the price forecast t ...