Dollar Tree Shares Fall After Dampened Outlook
The retailer raised its annual outlook after sales jumped in its fiscal second quarter
Dollar Tree raised its annual outlook after sales jumped in its fiscal second quarter, as more shoppers turned to the discount retailer amid an increasingly challenging economic backdrop.
The company warned, though, that tariff-related costs would pressure earnings in the current quarter, sending shares lower in premarket trading Wednesday.
The stock was recently down 5% to $105.80. Through Tuesday's close, shares have gained nearly 49% so far this year...
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