DLTR - Analyst Eyes Dollar General's Recovery And Dollar Tree's Steady Health Ahead Of Quarterly Reports | Benzinga
Renowned U.S. discount retailers Dollar Tree, Inc. (NASDAQ:DLTR) and Dollar General Corporation (NYSE:DG) are expected to report their quarterly earnings results on March 13th and 14th, respectively.
Piper Sandler analyst Peter J. Keith presented a placer foot traffic analysis of these companies to assess directional movements in traffic, which can be insightful.
For Dollar General, the analyst sees a solid improvement in foot traffic on a quarter-to-date basis in the first quarter versus the fourth quarter. However, Dollar Tree’s first-quarter analysis deciphers a slight downtick from the fourth quarter.
Supplemental Nutrition Assistance Program or SNAP benefits represent ~7.5% of sales at both Dollar General and Dollar Tree’s Family Dollar, the analyst notes.
However, while Dollar Tree’s management called out declining SNAP benefits as a headwind to Family Dollar in the third quarter, Dollar General didn’t cite SNAP headwinds ...