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Tag: Dollar Tree

Dollar Tree: Downgrades FY Revenue Estimates, Shares Plunge 8%

Dollar Tree: Downgrades FY Revenue Estimates, Shares Plunge 8% Dollar Tree: Downgrades FY Revenue Estimates, Shares Plunge 8%

Shares of Dollar Tree Inc fell 8% in premarket trading as the retailer cut revenue estimates for the year and gave lower profit estimates. Dollar Tree reported second-quarter sales of $6.77 billion, up from $6.34 billion a year ago, slightly below estimates of $6.79 billion. Dolla Tree earned $1.60 per share and net income of […]

Dollar Tree: Predicts profits and sales below analysts’ estimates

Dollar Tree: Predicts profits and sales below analysts’ estimates Dollar Tree: Predicts profits and sales below analysts’ estimates

LAST UPDATE 15:06 Discount firm Dollar Tree forecasts sales and earnings for the full year that are lower than analysts expected, mainly due to product shortages and higher labor costs caused by distortions in the supply chain, sending the stock down 4 percent. % in pre-conference transactions. The company reported net earnings of $ 454.2 […]

Dollar Tree: Shares rise after Mantle Ridge stake

Dollar Tree: Shares rise after Mantle Ridge stake Dollar Tree: Predicts profits and sales below analysts’ estimates

Dollar Tree shares rose 6.6% in pre-conference trading as a Wall Street Journal report said activist investor Mantle Ridge had acquired $ 1.8 billion in the retail company, and plans to move further to strengthen the share price. Mantle Ridge will push for changes in the company’s Family Dollar chain, the publication said, citing sources […]