Why Dollar Tree Stock Tumbled This Week
Shares of Dollar Tree (NASDAQ: DLTR) were getting hammered this week as the discount retailer posted disappointing results in its second-quarter earnings report. It followed in the footsteps of Dollar General, its larger rival, which also badly missed the mark in its earnings report, a sign that low-income consumers are cutting back on spending.
As a result, Dollar Tree stock was trading down 19.8% for the week on the news as of 3:08 p.m. ET on Thursday, according to data from S&P Global Market Intelligence.
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Source Fool.com
