DLTR Stock Alert: Dollar Tree Plans to Close 1,000 Stores

Dollar Tree (NASDAQ:DLTR) lowered its guidance and said it will close about 1,000 stores, mostly in its Family Dollar unit.The company said it lost $1.7 billion, $7.85 per share, on revenue of $8.6 billion in the fourth quarter, leading to a full-year loss of $4.55 per share. DLTR stock fell 7.5% after those earnings came out. It was due to open this morning at $129.50 per share, a market capitalization of just over $30 billion. That represents about a 13% loss in overnight trading.Family Dollar FailuresThe ...