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Why Dollar Tree Stock Just Got Chopped 10%

TheMotleyFool

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Why Dollar Tree Stock Just Got Chopped 10%Photo, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png

Tim-berrrr! Shares of Dollar Tree (NASDAQ: DLTR) stock are tumbling 10.4% as of 9:55 a.m. EDT Thursday after the retail chain reported a mixed quarter featuring better-than-expected earnings but worse-than-expected sales.

Heading into the second quarter, analysts had forecast Dollar Tree would earn $1.01 per share -- and management beat that, reporting $1.23 per share instead. The problem is, sales that were supposed to come in at $6.44 billion turned out to be only $6.34 billion instead.

Cue sell-off.

Source Fool.com

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