Why Dollar Tree Stock Is Down Nearly 20% Today

Blockhead09-04

Key Takeaways Shares of Dollar Tree were recently down nearly 20%—to levels not seen since 2015—after the company pulled back its financial outlook and reported disappointing quarterly results.Dollar ...

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Dollar General , meanwhile, was off about 2%, near the levels to which it dropped after its own downbeat report last week.Both companies say their shoppers are facing a tough economic environment; Dollar Tree Chief Operating Officer  Mike Creedon on a conference call with analysts Wednesday called it \"one","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DLTR":"美元树公司","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK7023":"电气部件与设备","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","COO.AU":"Corum Group Ltd","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","BK4114":"综合货品商店","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4550":"红杉资本持仓","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","BK4198":"医疗保健用品","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","COO":"库珀医疗","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4155":"大卖场与超市","BK4581":"高盛持仓","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","WMT":"沃尔玛","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","CFO":"VictoryShares US 500 Enhanced Volatility Wtd ETF","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","CFO.AU":"CFOAM LTD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","DG":"美国达乐公司","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓"},"translate_title":"为什么Dollar Tree股价今天下跌近20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLTR":1,"COO.AU":1,"COO":1,"CFO":1,"CFO.AU":1,"DG":0.7,"WMT":0.6},"content_text":"Key Takeaways\nShares of Dollar Tree were recently down nearly 20%—to levels not seen since 2015—after the company pulled back its financial outlook and reported disappointing quarterly results.Dollar Tree and rival Dollar General say their shoppers are facing a tough economic environment.Dollar Tree says it's holding up competitively, though some analysts have wondered whether Walmart has been eating into other retailers' share of the consumer dollar.\n The pressure on discount retail stocks continues. \n\n\n Shares of Dollar Tree (DLTR), which runs both the chain of the same name and the Family Dollar line, were recently down nearly 20%—to levels not seen since 2015—after the company pulled back its financial outlook and reported disappointing quarterly results. Dollar General (DG), meanwhile, was off about 2%, near the levels to which it dropped after its own downbeat report last week. \n\n\n Both companies say their shoppers are facing a tough economic environment; Dollar Tree Chief Operating Officer (COO) Mike Creedon on a conference call with analysts Wednesday called it \"one of the most challenging macro environments we've ever seen.\"\n\n\n \"As we have seen for several quarters now, demand from Family Dollar's core lower-income customer remains weak,\" Creedon said on the call, a transcript of which was made available by AlphaSense. \"Dollar Tree has a broader customer base that includes more middle- and upper-income households and beginning this quarter, we started to see inflation, interest rates and other macro pressures have a more pronounced impact on the buying behavior of these customers.\"\n\n\n  Dollar Tree Executives Use Term 'Belt-Tightening' on Call  \n Dollar Tree, which earlier this year said it was considering strategic alternatives for its business—it didn't report any substantial updates to that effort today—leaned heavily into economic stress in its discussion of its latest earnings and outlook, specifically using the term \"belt-tightening.\"\n\n\n It also says it's holding up competitively, though some analysts have wondered whether Walmart (WMT) has been eating into other retailers' share of the consumer dollar. \n\n\n \"We're not seeing, necessarily, a loss from a competitive standpoint,\" Chief Financial Officer (CFO) Jeff Davis said on the call. \"We continue to add new customers, maintain market share, continue to resonate with the customer.\"\n\nDo you have a news tip for Investopedia reporters? 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