Dollar Tree cuts profit target on slowing demand, higher costs; shares slump
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Dollar Tree (DLTR) slumps after cutting full-year profit expectations
May 25, 2023 8:02 AM EDTDollar Tree (NASDAQ: DLTR) shares plunged more than 11% premarket after missing first-quarter earnings estimates and guidance expectations.
The discount retailer posted earnings of $1.47 per share, $0.05 worse than the analyst estimate of $1.52. However, revenue for the quarter came in above estimates at $7.32 billion versus the consensus estimate of... More
