Should You Buy Dollar Tree Stock at Its 9-Year Low?

The discount retailer still hasn't solved the problems that started nine years ago. Dollar Tree's (DLTR 1.38%) stock sank to its lowest levels in nearly nine years after it posted its latest earnings report on Sept. 4. For the second quarter of fiscal 2024, which ended on Aug. 3, the discount retailer's net sales grew only 0.7% year over year to $7.37 billion and missed analysts' estimates by$100 million. Its adjusted EPS dropped 26% to $0.67 and broadly missed the consensus forecast by$0.37. Those headli ...