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Shares of Dollar Tree fall
Shares of Dollar Tree fall
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SantaNorth
Guest
Sep 19, 2022
12:55 AM
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Shares of Dollar Tree
fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its Family Dollar stores.
The move came after the company reported second-quarter earnings that topped Wall Street estimates by a penny, while revenue was essentially in line with expectations.
Shares of rival Dollar General
, which reported better-than-expected results, also slid after initially rising.
Dollar Tree CEO Mike Witynski said in a release that the company’s second-quarter results reinforce the company’s relevance for households pressured by higher costs for food, fuel and rent. He said the company’s Family Dollar chain has closed the pricing gap with key competitors, and that its “value proposition is the most competitive it has been in the past ten years.”
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samuel black
Guest
Sep 19, 2022
1:05 AM
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Didn't know this company is facing such a trouble, but I am sure that dollar tree is still super successful and profitable. This marketplace allows to shop products in bulk and to save good money this way, the most of dollar tree stores reviews are posted by satisfied customers.
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