DLTR - Is Dollar Tree Stock a Bad-News Buy?
2023-06-07 08:15:00 ET
Shares of Dollar Tree (NASDAQ: DLTR) are down more than 5% this year after a recent earnings release led to a sell-off that wiped out its gains up until that point. Investors are worried about what lies ahead for the business as things haven't gone as well as Dollar Tree was expecting.
But here's why, despite current headwinds, it might still be a good stock to buy right now.
Dollar Tree reported its first-quarter numbers on May 25, which underwhelmed investors. Sales of $7.32 billion for the period ended April 29 came in ahead of analyst estimates of $7.28 billion. On the bottom line, however, adjusted earnings per share (EPS) of $1.47 landed a few cents short of the $1.52 per-share profit that Wall Street was expecting.
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Is Dollar Tree Stock a Bad-News Buy?