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.
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Source Fool.com
