Dollar Tree's Q2 Struggles: Analysts Question Pricing, Shrinkage, And Transformation Amid Macro Challenges
Dollar Tree, Inc. DLTR shares are trading lower after the company reported worse-than-expected second-quarter financial results and cut the outlook.
Why Dollar Tree Stock Is Plummeting Today
Dollar Tree's quarterly results came in well below Wall Street's expectations. Higher-than-expected costs led to a huge earnings miss.
Crude Oil Down 1%; Dollar Tree Shares Tumble After Downbeat Earnings
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.2% on Wednesday.
Dollar Tree stock falls 20% after cutting forecasts amid stubborn inflation
Shares of Dollar Tree were trading at around $65 a share on Wednesday -- the lowest in more than four years.
Why Dollar Tree Stock Is Down Nearly 20% Today
The pressure on discount retail stocks continues.
Dollar Tree Gets Crushed, Attracting The Sharks
Dollar Tree, Inc. stock has dropped over 50%, presenting a speculative but potentially lucrative buying opportunity despite short-term issues and disappointing guidance. The company's valuation has reset to an attractive level at $65 per share, though growth is under pressure and core customers are impacted by macroeconomic factors. Sales missed estimates, but gross profit increased due to lower freight costs and higher allowances despite challenges like increased theft and higher distribution costs.
Dollar Tree, Inc. (DLTR) Q2 2024 Earnings Call Transcript
Dollar Tree, Inc. (NASDAQ:DLTR ) Q2 2024 Earnings Conference Call September 4, 2024 8:00 AM ET Company Participants Robert LaFleur - Senior Vice President, Investor Relations Mike Creedon - Chief Operating Officer Jeff Davis - Chief Financial Officer Conference Call Participants Michael Lasser - UBS Edward Kelly - Wells Fargo Simeon Gutman - Morgan Stanley Matthew Boss - JPMorgan John Heinbockel - Guggenheim Securities Chuck Grom - Gordon Haskett Paul Lejuez - Citigroup Krisztina Katai - Deutsche Bank Scot Ciccarelli - Truist Securities Operator Greetings. Welcome to the Dollar Tree Second Quarter 2024 Earnings Call.
Dollar Tree Stock Headed for Worst Day on Record
Shares of Dollar Tree Inc (NASDAQ:DLTR) are down 21.3% at $64.25 at last glance, and headed for their largest single-day percentage drop on record, after the discount retailer's second-quarter earnings and revenue missed estimates.
Compared to Estimates, Dollar Tree (DLTR) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Dollar Tree (DLTR) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dollar Tree Stock Tumbles as Outlook Lowered Due To 'Immense Pressures'
Dollar Tree (DLTR) shares tumbled in premarket trading Wednesday after the discount retailer reported another earnings miss and said it is facing "immense pressures from a challenging macro environment."
Dollar Tree (DLTR) Lags Q2 Earnings and Revenue Estimates
Dollar Tree (DLTR) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.91 per share a year ago.
Dollar Tree earnings miss, adding to worries about US consumers
Dollar Tree, Inc. (NASDAQ:DLTR) warned of "macro pressures" on the purchasing behaviour of its middle- and higher-income customers as it cut financial guidance for this year. This followed a disappointing fiscal second quarter for the US discount retailer, where same-store sales growth slowed to 1.3% from 1.7% in the first quarter, below Wall Street estimates, with its Family Dollar brand seeing a 0.1% decline.
