“Shares of Dollar Tree fall after company cuts guidance, citing investments in competitive pricing”
August 25, 2022
“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores…
For the second quarter, Dollar Tree said it earned $1.60 per share. Wall Street expected $1.59 per share. Its revenue for the period was $6.77 billion, which was essentially in line with estimates of $6.79 billion. Same-store sales rose 7.5%.
Dollar General, meanwhile, reported earnings of $2.98 per share, which was better than the $2.93 per share Wall Street expected. Revenue was $9.43 billion, above the $9.4 billion analysts expected. Same-store sales rose 4.6%.
Shares of Dollar General were down 2% in pre-market trading.”