Dollar Tree stock takes hit after guidance cut, earnings miss

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 57 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 63%

Dollar Tree News

Rick Dreiling,Discount Retailer,Earnings Report

Dollar Tree (DLTR) shares are sinking after the discount retailer missed second quarter earnings estimates — posting $7.37 billion in revenue (expected $7.49...

) shares are sinking after the discount retailer missed second quarter earnings estimates — posting $7.37 billion in revenue and adjusted earnings of $0.67 per share . Dollar Tree also cut its full-year guidance.breaks down the earnings report, Dollar Tree CEO Rick Dreiling attributing this performance to"immense pressures from a challenging macro environment.

I've been asking you the same question about, but what stood out to you about this particular Good morning Ma?Dollar Tree shares falling as much as 17.5% of free market trading as investors are really digesting.The second half of 2024 taking closer look at those key metrics that Wall Street looks at revenue earnings and same source sales growth miss across the board revenue came in at $7.

I thought it was really interesting that executives pointed out on the call that shrink remains unacceptably high.We also know that dollar tree has been implementing multi more higher price goods and they're navigating how to adapt to shrink there as well.

NEW YORK, September 04, 2024--Braze , the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced two new launches to help brands elevate their customer experiences and interactions. The Braze for Startups program, launching with its first venture capital partner, aims to support the next generation of customer-first brand leaders by providing startups with four months of free access to Braze.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JOLTS data, Dollar Tree earnings: What to watchAs the trading day concludes, here are the key events investors should watch for on Wednesday, September 4. On the economic front, July's Job Openings and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »