Dollar Tree Constricts Its Earnings Outlook, and Shares Follow Suit
In the markets, a corporation's fortunes may turn on a dime; more often, they turn on a quarter -- a reporting quarter, that is. The narrative Dollar Tree (NASDAQ: DLTR) provided last quarter of improving health in its Family Dollar segment was completely forgotten as a reduced full-year outlook became the dominant story line. Shares of the consumer staples giant withered by as much as 17% on Tuesday following the company's release of fiscal third-quarter 2019 earnings. Let's unpack the last three months and trace the roots of investor displeasure, bearing in mind that all comparative numbers refer to those of the prior-year quarter.
Data source: Dollar Tree. EPS = earnings per share.
Image source: Getty Images.
Source Fool.com
