Dollar Tree Faces Mounting Headwinds: Analysts Lower Price Forecasts Amid Competitive Pressures and Rising Costs
DLTRDollar Tree(DLTR) Benzinga·2024-09-06 02:15

Dollar Tree, Inc. DLTR shares are trading higher on Thursday.Yesterday, however, the company’s shares tumbled after it reported worse-than-expected second-quarter financial results and cut the outlook.The discount variety stores chain reported an adjusted EPS of 0.67, missingtheconsensusof0.67, missing the consensus of 1.04, and down 26.4% year over year.Analysts covering the company provided their takes:BMO Capital Markets analyst Kelly Bania downgraded the stock to Market Perform from Outperform, lowering the price forecast to $6 ...