Is Dollar Tree Stock a Buy Now?
Dollar Tree (NASDAQ: DLTR) is still growing, but its short-term earnings outlook is worsening. That was the big-picture takeaway from the retailer's late May earnings update that covered the selling period through late April. Yet there was more to this report than just those headline results.
Dollar Tree is seeing strong customer traffic, even as shoppers become more cautious in their spending patterns. And, while profitability trends are weakening, the pressure isn't unique to Dollar Tree. Let's take a closer look at whether the stock seems attractive following its first-quarter operating update.
The best news from the Q1 report is that the value-focused retailer remains a popular destination for shoppers. Customer traffic gains were strong, hitting 6% in the Dollar Tree brand and 4% at Family Dollar. These wins helped overall comparable-store sales rise 5%. Although strong, this comp increase trailed 's recent 7% increase.
Source Fool.com
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