DLTR - 1 Green Flag for Dollar Tree Stock in 2023
2023-06-06 10:07:00 ET
Investors reacted harshly to the latest earnings update from Dollar Tree (NASDAQ: DLTR) . The retailer warned about rising profit pressures as consumers pull back on spending and as costs continue to rise. These comments contributed to a drop in Dollar Tree's stock price immediately following the late May earnings report.
But customer traffic trends were a major bright spot in the operating update, for both the Dollar Tree and Family Dollar brands. Let's take a closer look at the latest results -- and why the positive-looking traffic metric could propel the business higher in 2023 and beyond.
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1 Green Flag for Dollar Tree Stock in 2023