Dollar Tree, Inc. Names Jeffrey A. Davis as Chief Financial Officer
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Dollar Tree (DLTR) Cuts EPS Guidance, Shares Tumble
August 25, 2022 12:59 PM EDTShares of Dollar Tree (NASDAQ: DLTR) are down more than 11% Thursday after the company reported earnings premarket, which missed revenue and guidance expectations.
The discount store chain reported a second-quarter profit of $1.60, $0.01 better than the analyst estimate of $1.59, with revenue missing the consensus estimate, coming in at $6.77 billion versus the $6.8 billion expected.
The company's same-store sales increased with Dollar Tree at +7.5%, Family Dollar at +2.0% and Enterprise at +4.9%.
"Our second quarter performance reinforces the relevance of our brands for millions of households pressured by higher costs for food, fuel, rent and more. We... More
