Tag: $Dollar Tree

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.