You would think discount stores would flourish in an era of high inflation and recession fears, but Dollar Tree (NASDAQ:DLTR) gapped down hard following its quarterly earnings report. Even so, the stock is outperforming the market, and its industry has been rallying.
Dollar Tree sales grew 7% year-over-year, to $6.765 billion. Earnings came in at $1.60 per share, up 30% from a year ago. MarketBeat earnings data show the company has topped analysts' bottom-line views in each of the past 11 quarters.
However, sales were below analysts' expectations of $6.80 billion. That disappointment resulted in a gap-down of 10.22% on August 25. Shares...
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