Dollar Tree Q2 Earnings: Revenue And EPS Miss, Cuts Annual Forecasts As Customers Feel Macro Pressure On Spending, Stock Tumbles
Portfolio Pulse from Vandana Singh
Dollar Tree, Inc. (NASDAQ:DLTR) reported disappointing Q2 2024 earnings, missing both revenue and EPS expectations. The company lowered its annual forecasts due to macroeconomic pressures affecting customer spending. DLTR stock fell 11.8% in premarket trading.
September 04, 2024 | 12:08 pm
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Dollar Tree reported Q2 2024 earnings below expectations, with adjusted EPS of $0.67 missing the consensus of $1.04. Revenue was $7.38 billion, below the expected $7.5 billion. The company lowered its full-year sales and EPS guidance, citing macroeconomic pressures on customer spending. DLTR stock dropped 11.8% in premarket trading.
Dollar Tree's Q2 earnings report showed significant misses in both EPS and revenue, leading to a downward revision of its full-year guidance. The company's acknowledgment of macroeconomic pressures affecting customer spending further contributed to negative sentiment. As a result, DLTR stock experienced a sharp decline in premarket trading.
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