Dollar Tree plunges after firm maintains annual sales forecast
DLTR•Quarterly results beat estimates
** Q2 total sales of $4.89 billion beat estimates of $4.86 billion-data compiled by LSEG
** Posts Q2 adjusted EPS of $2.70 beating analysts estimate of $1.14
** As of last close, stock up 7% YTD
Shares fall after forecast update
- Shares of discount retailer Dollar Tree DLTR.O down 4% at $126.70 premarket
** Co maintains annual net sales and comparable sales forecasts amid macroeconomic uncertainty weighing on consumer spending
** Sees annual adjusted EPS in the range of $7.70 to $8.05, compared with previous projection of $6.70 to $7.10
** Maintains annual net sales forecast of $20.5 billion to $20.7 billion, and annual comparable sales growth of 3% to 4%
