Why Dollar Tree Shares Are Plunging Today
Portfolio Pulse from Shivani Kumaresan
Dollar Tree Inc (NASDAQ:DLTR) reported Q1 FY23 sales growth of 6% YoY to $7.32 billion, beating consensus estimates. However, adjusted EPS of $1.47 missed the consensus of $1.52, and the company lowered its FY23 EPS outlook. DLTR shares are trading lower by 12.45% in premarket.
May 25, 2023 | 1:05 pm
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Dollar Tree reported Q1 sales growth but missed EPS estimates and lowered its FY23 EPS outlook, causing shares to drop 12.45% in premarket trading.
Dollar Tree's Q1 sales growth was positive, but the company missed EPS estimates and lowered its FY23 EPS outlook. This negative news has caused the stock price to drop significantly in premarket trading, indicating a short-term negative impact on the stock.
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