Dollar Tree Stock Climbs Amid Strong Q3 Results and Raised Sales Outlook
Dollar Tree's stock rose nearly 5% on Wednesday after the company reported better-than-expected third-quarter earnings, with adjusted EPS of $1.12 and sales of $7.57 billion, both surpassing analyst expectations. The company saw a 1.8% increase in same-store net sales, driven by higher traffic. Dollar Tree is also closing underperforming Family Dollar stores as part of a strategic review. The company provided updated guidance for fiscal 2024, expecting sales between $30.7 billion and $30.9 billion and adjusted EPS of $5.31-$5.51.