Dollar Tree (DLTR) is considering the sale of its Family Dollar brand, amidst poor performance and issues with the FDA over lead-tainted applesauce left on shelves past recall dates. Notably, several investment firms have changed their stock holdings in the company, with some buying more shares whilst others have trimmed their holdings. In addition, there is a general trend towards decreased earnings estimates for the company. The company announced Q4 2023 and Q1 2024 earnings, with a Q2 2025 forecast from Zacks showing earnings of $1.06 per share. Amidst these reports, the company has made the decision to close almost 1,000 stores due to missed holiday-quarter estimates. Amidst these changes, there are signs of growth initiatives within Dollar Tree’s own brand. Nevertheless, the company’s stock value has suffered, with a 14% drop after the announcement of the store closures, and another 15% drop later in the week. Despite the bearish view, some analysts believe that the company’s strategic initiatives hold promise for future growth.
Dollar Tree DLTR News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sun, 23 Jun 2024 09:48:26 GMT -
Rating -5
- Innovation -4
- Information 7
- Rumor -6
