DLTR - Why Discount Store Chain Dollar Tree Shares Are Plunging Today | Benzinga
Dollar Tree Inc (NASDAQ:DLTR) shares are trading lower after the company reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion.
Same-store sales increased 6.3% for the Dollar Tree segment, declined 1.2% for Family Dollar, and grew 3% for Enterprise.
Gross profit for the quarter increased 16.2% Y/Y to $2.77 billion, and the gross margin expanded 120 basis points to 32.1%.
Operating loss for the quarter totaled ...