Dollar General stock pops, Salesforce rises, Snowflake tumbles
Dollar Tree (DLTR) stock was up 4% on Wednesday after the discount retailer beat Wall Street’s key metrics, adjusted earnings, revenue, and same-store sales growth.
Revenue grew 9.4% to $4.75 billion, slightly higher compared to the Street’s expectations of $4.7 billion, per Bloomberg consensus data. Adjusted earnings per share came in at $1.21, significantly higher than the expected $1.10. Same-store sales grew by 4.2%, more than the 4% increase expected. The average ticket increased 4.5%, partly offset by the traffic decline of 0.3%
“All consumers are seeking value, marrying that value-seeking behavior with convenience and discovery is the intersection where Dollar Tree thrives,” CEO Michael Creedon said to investors in its earnings…
