Dollar Tree shares plunge 22% after discounter cuts full-year forecast
Publishing timestamp: 2024-09-04 16:03:59
Summary
Dollar Tree cut its full-year outlook due to increasing pressures on middle-income and higher-income customers. Same-store sales rose by 0.7% in the quarter, but shares fell more than 22%. The company cited softer sales, costs associated with converting stores, and higher expenses for customer accidents. Dollar General also slashed its outlook recently.
Sentiment: NEGATIVE
Keywords: dollar general corp, earnings, walmart inc, business news, dollar tree inc, retail industry, breaking news: business, breaking news: earnings, business, forex markets,
Source: https://www.cnbc.com/2024/09/04/dollar-tree-dltr-earnings-q2-2024.html