Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Dollar Tree Stock Was Down Today

TheMotleyFool

0 0

Why Dollar Tree Stock Was Down Today: https://g.foolcdn.com/editorial/images/745345/young-man-shopping-in-snack-aisle-of-grocery-store-supermarket-retail.jpg

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

Like: 0

DLTR

Share