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Why Dollar Tree Stock Was Down Today

TheMotleyFool

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Why Dollar Tree Stock Was Down TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Dollar Tree (NASDAQ: DLTR) were down by 10% as of 12:12 p.m. ET on Thursday despite the discount retailer reporting fiscal second-quarter earnings that beat Wall Street's consensus estimate.

For the period, which ended July 29, same-store sales were up by 6.9% overall, with comps at its Dollar Tree chain up by 7.8% and the Family Dollar chain up by 5.8%.

Earnings per share came in at $0.91 -- better than the consensus estimate, which had called for $0.87. But the company guided for lower earnings than the Street's estimates, which contributed to the stock's decline on Thursday.

Source Fool.com

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