The upcoming report from Dollar Tree (NASDAQ: DLTR) is one investors should watch closely. The ultra-discounter previously logged a mixed performance in the early months of the pandemic.
Less than two months after that report, Michael Witynski took the CEO position, replacing Gary Philbin, who announced his retirement. Now, with the company soon to report on its first full quarter since the pandemic began, investors will hopefully gain some clarity on where Dollar Tree will go next.
At first glance, one might assume that Dollar Tree is a consumer discretionary stock built for this environment. With so many people out of work, more consumers should be lowering their expenses to make ends meet.
Source Fool.com