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DLTR — Dollar Tree News Story

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Dollar Tree plunges after firm maintains annual sales forecast

BUZZ-Dollar Tree plunges after firm maintains annual sales forecast

* 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%

** 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


(Reporting by Koyena Das from Bengaluru)

((Koyena.das@thomsonreuters.com))

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