Dollar Tree became the latest retailer on Thursday to highlight pressure on profits from inventory loss.
The discount retailer reported second-quarter earnings of 91 cents per share on revenue of $7.32 billion for the second quarter, which ended July 29. This beat estimates by analysts tracked by FactSet who were looking for 87 cents on $7.2 billion.Dollar Tree reported a gross margin of 29.2% in the latest quarter, a decline of 220 basis points from the same period last year.
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