Dollar Tree Falls on Earnings Miss, Store Closings, and Lower-Than-Expected Guidance
Dollar Tree(DLTR) Investopedia·2024-03-13 13:25Key TakeawaysDollar Tree posted fourth-quarter earnings Wednesday that fell short of analyst estimates.The discount retailer also announced plans to close 600 Family Dollar locations in the first half of the 2024 fiscal year, and 400 more Family Dollar and Dollar Tree locations in the "next several years."Shares fell in pre-market trading as investors reacted to the results. Dollar Tree (DLTR) shares plunged 8% in pre-market trading Wednesday as the discount retailer posted fourth-quarter results that misse ...