Shares of Dollar Tree climbed 4.66% to $80.25 in pre-market trading on Wednesday after the discount chain reported better-than-expected earnings and revenue for the fourth quarter. The Chesapeake, Va.-based retailer posted earnings of $1.36 per share, surpassing analysts’ estimates of $1.31 per share.
Category: Dollar Tree Stores
Dollar General Seen Suffering From Rising Wage Pressures, Competition
Dollar General faces rising wage pressures and mounting competition to open new locations, and that has prompted analysts to revisit their earnings assumptions for the discount retailer. BMO Capital Markets this week reduced its earnings forecasts for 2017 to $4.70 a share from the prior $4.85, bringing what had been among the higher projections on the Street more in line with analysts’ consensus.