Dollar Tree Surges Amid CFO Departure and Raised Sales Outlook
Originally Published 1 year ago — by Investor's Business Daily
Dollar Tree and Foot Locker reported contrasting quarterly earnings, with Dollar Tree seeing a 16% rise in earnings per share and a 3.5% increase in revenue, beating expectations. The company is reviewing strategic options for its Family Dollar business. Foot Locker, however, missed earnings expectations with a slight increase in adjusted earnings and a 1.4% decline in sales, leading to a lowered guidance for 2024. This negatively impacted Nike's stock, which slid alongside Foot Locker's shares.