DLTR - Dollar Tree Q1 Earnings: Strategic Review A Potential Catalyst
2024-06-05 09:10:52 ET
Summary
- Dollar Tree’s Q1 results showed continued strength in its consumable categories as traffic trends remained positive.
- The release was accompanied by an announcement that the company is performing a strategic review of its Family Dollar unit.
- I view the strategic review as a major development that could have positive benefits to shareholders.
- Though shares have underperformed, I remain bullish on the outlook for Dollar Tree.
Dollar Tree ( DLTR ) just released Q1 results that came in mixed in relation to expectations . Heading into the print, shares were down about 17.5% since my last update on the stock, shortly before the release of the company’s fiscal 2023 year-end results. In that update, I maintained a bullish tone on the stock due to the company’s expanding customer base....
Dollar Tree Q1 Earnings: Strategic Review A Potential Catalyst