Dollar Tree is a retail company that operates a chain of discount variety stores offering a wide range of products, all priced at one dollar or less. The company specializes in providing value-driven merchandise including household items, food and snacks, cleaning supplies, and seasonal goods. With a focus on affordability, Dollar Tree caters to budget-conscious consumers, making it an accessible shopping destination for everyday essentials. The company continues to expand its footprint, aiming to reach diverse communities and offer a hassle-free shopping experience.
Shares of discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR)
jumped 7.6% in the pre-market session after the company reported impressive third-quarter results, which blew past analysts' sales, profit, and earnings expectations. Sales were driven by a 1.6% increase in traffic and a 0.2% increase in average tickets. The company added that it is making progress on plans to sell the Family Dollar business.
The company also noted the plan to close 24 more underperforming stores as a part of its portfolio optimization drive. While these closures are expected to improve operational efficiency and contribute to margin expansion over time, they may create a temporary headwind for earnings growth, which likely contributed to the underwhelming EPS guidance for the next quarter.
Overall, this was a strong quarter, with several promising aspects.
Discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 3.5% year on year to $7.57 billion. The company expects next quarter’s revenue to be around $8.2 billion, close to analysts’ estimates. Its non-GAAP profit of $1.12 per share was 4.1% above analysts’ consensus estimates.
Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled growth continued to strengthen.
Dollar Tree and Family Dollar are proud to announce its new partnership with No Kid Hungry, a national campaign led by Share Our Strength, which is committed to ending childhood hunger and poverty. With a shared mission of ensuring equitable access to food and essential resources, the partnership aims to make an impact across the country by helping schools and communities feed millions of children every day.
Over the past 12 months, a group of 10 large-cap stocks have underperformed all others. Here’s an updated look at the top 10 worst performing large-caps, along with their one-year price returns.
The dollar-store industry intrigues me, in part because I used to be part of its growth story. These days, of course, there’s a lot more pressure on the concept. And much of it is the fault of Dollar General and Dollar Tree.
