Dollar Tree shares are trading lower in sympathy with Dollar General after the company reported worse-than-expected Q1 results and cut its FY23 sales growth outlook.
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree shares are trading lower following Dollar General's worse-than-expected Q1 results and reduced FY23 sales growth outlook.
June 01, 2023 | 3:13 pm
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NEGATIVE IMPACT
Dollar Tree's stock price is negatively impacted by Dollar General's poor Q1 results and lowered FY23 sales growth outlook.
Dollar Tree shares are trading lower due to its close relationship with Dollar General, which reported worse-than-expected Q1 results and cut its FY23 sales growth outlook. This news creates a negative sentiment for the discount retail sector, directly impacting Dollar Tree's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100