Why Dollar Tree Stock Is Sinking Today
Dollar Tree (NASDAQ: DLTR) stock is losing ground in Wednesday's trading following the company's recent quarterly report. The discount retailer's share price was down 8.5% as of 3 p.m. ET.After the market closed yesterday, Dollar Tree published results for the first quarter of its current fiscal year -- which ended May 3. The company posted sales and earnings for the period that beat Wall Street's expectations, but management's forward guidance suggested that tariff impacts will likely be a significant headwind. Image source: Getty Images.Continue reading
Dollar Tree (NASDAQ: DLTR) stock is losing ground in Wednesday's trading following the company's recent quarterly report. The discount retailer's share price was down 8.5% as of 3 p.m. ET.
After the market closed yesterday, Dollar Tree published results for the first quarter of its current fiscal year -- which ended May 3. The company posted sales and earnings for the period that beat Wall Street's expectations, but management's forward guidance suggested that tariff impacts will likely be a significant headwind.
Image source: Getty Images.
