Dollar Tree jumps on annual profit forecast lift
BUZZ-Dollar Tree jumps on annual profit forecast lift ** Shares of discount retailer Dollar Tree DLTR.O up ~10% at $105.80 premarket
** The firm raises its annual profit forecast, buoyed by resilient demand for affordable essentials from budget‑conscious shoppers and its efforts to offset higher costs
** Expects fiscal 2026 adjusted earnings per share of $6.70 to $7.10, compared with its prior forecast of $6.50 to $6.90
** Maintains its annual net sales forecast
** Logs Q1 sales of $4.97 billion, narrowly beating analysts' estimates of $4.96 billion - data compiled by LSEG
** Posts Q1 profit of $1.74 per share vs. market estimates of $1.54 per share
** As of last close, stock down 22% YTD
(Reporting by Koyena Das from Bengaluru)
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