Tag: $Dollar Tree

Discount retailer Dollar Tree joined rival Dollar General in forecasting muted annual sales as shoppers stay frugal in the face of mounting macroeconomic volatility.

Dollar Tree, Inc. reported second-quarter earnings that significantly exceeded analyst expectations, driven by strong comparable store sales growth and improved margins. The discount retailer’s shares rose 0.7% premarket following the announcement.

Discount store operator Dollar Tree (DLTR.O), forecast its second-quarter adjusted profit to be down as much as 50% from a year ago, accounting for volatility caused due to changing tariffs.

Dollar Tree said on Wednesday a consortium of private-equity investors will buy its Family Dollar business for about $1 billion, bringing an end to its nearly year-long search for potential buyers for the troubled discount-store chain.

Dollar Tree  stock was dropping Wednesday after the discount retailer narrowed its fiscal 2023 guidance on soft demand trends and reported third-quarter earnings below Wall Street expectations.