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Dollar Tree, Inc. (NASDAQ:DLTR) warned of "macro pressures" on the purchasing behaviour of its middle- and higher-income customers as it cut financial guidance for this year. This followed a disappointing fiscal second quarter for the US discount retailer, where same-store sales growth slowed to 1.3% from 1.7% in the first quarter, below Wall Street estimates, with its Family Dollar brand seeing a 0.1% decline.
Dollar Tree cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. Dollar stores, in particular, have felt pinched as their core customer make tradeoffs after a prolonged period of pricier food and everyday costs.
Dollar Tree cited increasing pressure on its middle- and higher-income customers.
Dollar Tree cut its fiscal-year earnings and revenue outlook.
CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its second quarter ended August 3, 2024. “We are encouraged by the continuous progress we are making in the transformation underway at Dollar Tree and Family Dollar, despite immense pressures from a challenging macro environment,” said Rick Dreiling, Chairman and Chief Executive Officer. “Customers are responding favorably to initiatives like our expanded multi-price offering and we are alrea.
Dollar Tree, Inc. DLTR is set to release earnings results for its second quarter, before the opening bell on Wednesday, Sept. 4.
DLTR's Q2 results are likely to reflect the impacts of soft demand for discretionary items, elevated shrink, an unfavorable mix and higher SG&A expenses.
Sometimes a support or resistance level can retain their importance for a long time. It could be days, weeks, months or even years.
In the latest trading session, Dollar Tree (DLTR) closed at $97, marking a -0.98% move from the previous day.
Dollar Tree (DLTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.