Family Dollar Comes Through for Dollar Tree
Dollar Tree (NASDAQ: DLTR) got the solid performance out of its Family Dollar business it was looking for. Same-store sales rose 2.3% in the quarter, the fourth straight quarter they've been positive after the segment was almost placed on the chopping block.
Yet management's confidence in the deep discounter might not be enough to overcome the effect of pending tariffs. If imposed as scheduled, they could damage earnings in the fourth quarter and swipe as much as $0.06 per share from fourth quarter earnings. Dollar Tree narrowed its sales outlook for the year but once again lowered its profit forecast.
Image source: Getty Images.
Source Fool.com
