Dollar Tree's (NASDAQ: DLTR) stock sank to its lowest levels in nearly nine years after it posted its latest earnings report on Sept. 4. For the second quarter of fiscal 2024, which ended on Aug. 3, the discount retailer's net sales grew only 0.7% year over year to $7.37 billion and missed analysts' estimates by $100 million. Its adjusted EPS dropped 26% to $0.67 and broadly missed the consensus forecast by $0.37.

Those headline numbers were ugly, but could it be a contrarian play for patient investors? Let's dig deeper into Dollar Tree's biggest problems to find out.

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Source Fool.com