Workflow
US Stocks Higher; Dollar Tree Shares Plunge After Q1 Earnings
DLTRDollar Tree(DLTR) Benzinga·2025-06-04 15:16

Company Performance - Dollar Tree Inc. shares fell more than 10% after its first-quarter 2025 earnings report, despite net sales increasing by 11.3% to 4.6billion,surpassingbothconsensusandmanagementguidance[2]−Same−storenetsalesroseby5.44.6 billion, surpassing both consensus and management guidance [2] - Same-store net sales rose by 5.4%, driven by a 2.5% increase in traffic and a 2.8% increase in average ticket, exceeding management's guidance of 3% – 5% [3] - Dollar Tree reported adjusted earnings of 1.26 per share, beating the analyst estimate of 1.21andmanagementexpectationof1.21 and management expectation of 1.10 – 1.25[3]MarketTrends−MullenAutomotive,Inc.sharessurged1911.25 [3] Market Trends - Mullen Automotive, Inc. shares surged 191% to 15.69, indicating significant investor interest [9] - K Wave Media Ltd. shares increased by 124% to 4.3046followinga4.3046 following a 500 million securities purchase agreement for a bitcoin-focused treasury strategy [9] - Cellectar Biosciences, Inc. shares rose 100% to 0.5581afterreceivingFDABreakthroughTherapyDesignationforIopofosineI−131[9]−PTLLimitedsharesdropped410.5581 after receiving FDA Breakthrough Therapy Designation for Iopofosine I-131 [9] - PTL Limited shares dropped 41% to 0.4300, while Raytech Holding Limited and ReShape Lifesciences Inc. saw declines of 27% and 23% respectively [9]