It has been about a month since the last earnings report for Dollar Tree (DLTR). Shares have lost about 7.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Dollar Tree due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Dollar Tree Earnings & Sales Beat Estimates in Q2
Dollar Tree reported second-quarter fiscal 2020 results, wherein earnings and sales surpassed the Zacks Consensus Estimate and improved year over year. The company also reported robust same-store sales (comps) across both formats. Results benefited from an improvement in spending for discretionary items at Family Dollar stores, following the Easter holiday season. Additionally, its expanded Crafter’s Square assortments