• 2 months ago
Dollar Tree shares fell in premarket trading after the company lowered its full-year outlook. The retailer expects lower sales and earnings compared to previous projections. Chief Financial Officer Jeff Davis attributed the change to weaker sales, legal costs, and expenses from converting stores. Same-store sales slightly increased, but Family Dollar experienced a small decline. Dollar Tree's shares have dropped significantly this year, reaching a new low on Tuesday.

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00:00It's Benzinga, and here's what's on the block.
00:02Dollar Tree shares fell in pre-market trading after the company lowered its full-year outlook.
00:07The retailer expects lower sales and earnings compared to previous projections.
00:12Chief Financial Officer Jeff Davis attributed the change to weaker sales, legal costs, and
00:17expenses from converting stores.
00:19Same-store sales saw a slight increase, but family dollar experienced a small decline.
00:24Dollar Tree shares have dropped significantly this year, reaching a new low on Tuesday.
00:28For all things money, visit Benzinga.com.

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