Dollar Tree에 대한 매도 수량은 투자자에게 Dollar Tree의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Dollar Tree (NASDAQ:DLTR) 주식, 공매도 수량 보고

Dollar Tree

Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.

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최근 일주일간 경제 뉴스가 급증하고 있으며, 대통령 당선자 도널드 트럼프가 여러 주요 이야기의 중심에 있다. 제안된 관세가 달러 스토어에 미치는 영향부터 잠재적인 인플레이션 위험까지, 금융 환경은 기대와 우려로 떠들썩했다.

주간 주요 경제 뉴스: 트럼프의 움직임이 시장을 뒤흔드는 중, 달러 트리, 래리 서머스 등

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주말이 끝나가면서 비즈니스 세계를 형성한 주요 사건들을 정리해본다. 트럼프의 관세 계획으로 인한 달러 스토어의 잠재적 변화부터 무역 전쟁에서 캐나다의 가능한 보복 조치까지, 놓쳐서는 안 될 많은 이야기들이 있다. 일론 머스크가 달성한 중요한 이정표와 정치 및 비즈니스 분야에서 형성되고 있는 놀라운 동맹도 잊지 말아야 한다. 놓쳤을 수도 있는 이야기들을 요약해 보자.

주간 주요 정치 뉴스: 트럼프의 관세가 달러 스토어에 미치는 영향, 캐나다의 무역 전쟁 등

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벤징가는 지난주 많은 투자자들이 선호하는 주식들의 전망을 조사한 결과를 바탕으로, 다음과 같이 주요 뉴스 몇 가지를 요약했다.
이번 주 다우 지수는 1.8% 하락했고, S&amp;P 500은 0.6% 하락하여 3주 연속 상승세를 마감했다. 반면, 나스닥은 0.3% 상승하며 상승세를 지속했는데, 이는 기술 및 인공지능(AI)에 대한 낙관론에 힘입은 것이다.

벤징가 불스 앤 베어스: 테슬라, 엔비디아, 마이크로스트레티지, 달러 트리 및 도지코인

Dollar Tree Inc

In the preceding three months, 16 analysts have released ratings for Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">14</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Dollar Tree and provided 12-month price targets. The average target is $78.81, accompanied by a high estimate of $100.00 and a low estimate of $65.00. Experiencing a 0.78% decline, the current average is now lower than the previous average price target of $79.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1734696039_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Dollar Tree among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$75.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>John Heinbockel</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Buy</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Anthony Chukumba</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$75.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$83.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$76.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$72.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Daniel Binder</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$75.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$92.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$65.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$82.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$75.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Brandon Fletcher</td>
<td>Bernstein</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$76.00</td>
<td>-</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$70.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dollar Tree. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dollar Tree compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Dollar Tree's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Dollar Tree's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/DLTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dollar Tree analyst ratings.</a>
<h2>Get to Know Dollar Tree Better</h2>
Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.
<h3>Key Indicators: Dollar Tree's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Dollar Tree's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 3.46%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.08%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Dollar Tree's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.11%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Dollar Tree's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.02%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.38.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On Dollar Tree Through 16 Analysts

Telsey Advisory Group analyst Joseph Feldman maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Market Perform and maintains $75 price target.

Price Target

Telsey Advisory Group Maintains Market Perform on Dollar Tree, Maintains $75 Price Target

Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares are trading slightly lower on Thursday. The company has named Michael C. Creedon, Jr. as its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42573340/dollar-tree-names-michael-c-creedon-jr-as-chief-executive-officer" rel="noreferrer noopener">permanent Chief Executive Officer, effective immediately.</a>
Creedon, who joined the company in 2022 as Chief Operating Officer, had served as Interim CEO since November 2024 following <a href="https://www.benzinga.com//node/41727856">Rick Dreiling&#8217;s departure.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, DLTR stock has lost over 48% in the past year. Investors can gain exposure to the stock via Invesco S&amp;P 500 Equal Weight Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPS#NYSE">RSPS</a>).
Over the past two years, Creedon has taken on increasing responsibilities, managing Dollar Tree&#8217;s vast network of over 16,000 stores and 200,000 associates across both Dollar Tree and Family Dollar banners.
Read Next: <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year" rel="noreferrer noopener">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a>
The company&#8217;s Board of Directors expressed unanimous confidence in Creedon&#8217;s leadership, citing his deep understanding of the business, strategic vision, and ability to collaborate effectively with the organization. Edward (Ned) J. Kelly III, Chairman of the Board, highlighted Creedon&#8217;s success in earning the trust and respect of the entire Dollar Tree team.
Before joining Dollar Tree, Creedon had an extensive career at Advance Auto Parts, most recently as Executive Vice President and President of U.S. Stores. He also held leadership positions at Tyco International and ADT Security.
In a <a target="_blank" href="http://Dollar Tree Boosts Annual Outlook After Q3 Performance, Talks Family Dollar Strategic Review" rel="noreferrer noopener">press release dated December 4</a>, Dollar Tree said it expects fiscal year 2024 sales of $30.7 billion &#8211; $30.9 billion,&nbsp;compared to prior guidance&nbsp;of $30.6 billion- $30.9 billion.
The company expects to deliver comparable store net sales growth in the low-single-digits for the enterprise and both the Dollar Tree and Family Dollar segments.
For the fourth quarter of 2024, Dollar Tree forecasts sales of $8.1 billion &#8211; $8.3 billion, based on comparable store net sales growth in the low single digits for the enterprise and both the Dollar Tree and Family Dollar segments.
Price Action: DLTR stock is down 0.66% at $68.81 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable" target="_blank" rel="noreferrer noopener">Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will &#8216;Make Life Affordable&#8217;</a></li>
</ul>
Image by Jonathan Weiss via Shutterstock.

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What's Going On With Dollar Tree Stock Today?

Creedon joined Dollar Tree in 2022 as Chief Operating Officer and over the past two years has taken on increasing levels of responsibility.
In November 2024, Creedon was appointed Interim Chief Executive Officer, succeeding Rick Dreiling. Creedon has responsibility for leading more than 200,000 associates and more than 16,000 stores across the Dollar Tree and Family Dollar banners.

Dollar Tree Appoints Interim CEO Michael C. Creedon As Permanent CEO

Retailer Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is the latest company to warn about the impact tariffs imposed by President-elect Donald Trump could have on<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns"> higher prices for consumers.</a>
What Happened: Costco <a href="https://www.benzinga.com/news/earnings/24/12/42473288/costco-q1-earnings-revenue-beat-eps-beat-comps-up-52-membership-fee-growth-and-more">beat analyst estimates </a>for revenue and earnings per share in the first-quarter financial results last week.
While many investors and analysts were focused on higher <a href="https://www.benzinga.com/24/12/42446804/costco-q1-earnings-preview-membership-fee-increase-in-focus-with-shares-at-all-time-highs">membership fee revenue</a> thanks to a price increase earlier this year and new milestones <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/12/42483334/from-4-2-million-thanksgiving-pies-to-record-pizza-sales-costco-hits-4-major-milestones-in-q1-beating-earnings-estimates">across items like</a> deliveries, pharmacy, pizzas and Thanksgiving pies, company executives provided an early look at the tariff concern.
"There's a lot of uncertainty around the timing and scope of changes, so it makes it difficult for anyone to predict what the impact will be with confidence," Costco Chief Financial Officer Gary Millerchip said on <a href="https://newsdeskbeta.benzinga.com/calendar/conference">the earnings call. </a>
"In general, of course, tariffs raise costs. That's not something that we see as a positive in general."
The Costco CFO said the company faced tariffs in the past and its buyers and merchants are equipped to work through and "navigate and manage that situation." The tariffs could impact the company, suppliers and ultimately consumers.
"When it rains, it rains on everybody."
Millerchip said the company is already considering plans ahead of the January inauguration.
"We have a plan over time where we have done this in the past and typically we'll look where we can to pull forward inventory buying."
Costco will also consider additional sourcing locations and work with vendors to lower costs, Millerchip said. Another option would be to eliminate some items where "the value just wasn't there."
"We're about a quarter of our business is non-foods and then a subset of that is imported. So remember, it's a minority of our overall business and then it's a smaller part of that as well."
Trump's presidential transition team took exception to the comments from Costco.
"President Trump has promised tariff policies that protect the American manufacturers and working men and women from the unfair practices of foreign companies and foreign markets," Trump transition spokesperson Brian Hughes <a href="https://nypost.com/2024/12/16/business/costco-executive-warns-of-price-hikes-because-of-trump-tariffs/">told </a>the New York Post Monday.
Tariffs could be conducted via executive orders from Trump and not need Congressional approval. The tariffs could hit China, Canada and Mexico initially.
"As he did in his first term, he will implement economic and trade policies to make life affordable and more prosperous for our nation," Hughes added.
Read Also: <a href="https://www.benzinga.com/24/12/42488201/costcos-unique-retail-model-and-solid-growth-stand-out-in-challenging-market-analysts-note">Costco&#8217;s Unique Retail Model And Solid Growth Stand Out In Challenging Market: Analysts</a>
Why It's Important: The comments from Costco come after discount retailer Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) <a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">shared a similar sentiment </a>of being proactive in taking steps to offset tariffs, while expressing concern that prices could go higher for consumers.
&#8220;While the situation remains fluid and the exact nature, scope, and eventual timing of any new tariffs is not yet clear, we are prepared to act on multiple fronts,&#8221; Dollar Tree Chief Operating Officer and Interim CEO&nbsp;Mike Creedon&nbsp;said on Dollar Tree&#8217;s&nbsp;<a href="https://www.benzinga.com/apis/cloud-product/conference-call-transcripts/" target="_blank" rel="noreferrer noopener">recent conference call.</a>
Creedon said Dollar Tree was able to negotiate lower costs with suppliers back in 2018 and 2019 when last dealing with tariff concerns. The company also changed product specs and pack sizes along with stopping the sale of several items altogether.
&#8220;All three of those options are still at our disposal.&#8221;
Creedon said the company&#8217;s multi-price strategy, which includes items past the $1 and $1.25 price points, could also be a solution for the tariff plans when asked to share what the downside case to the company&#8217;s earnings is due to tariffs.
&#8220;Multi-price gives us the ability to flex where we need to if a certain product becomes something that we&#8217;ve got to move in the market to be competitive.&#8221;
While it remains to be seen if Trump follows through with his tariff threats, retailers are already embracing the potential for higher costs and warning consumers that changes to item selection and higher prices could be coming.
COST Price Action: Costco stock trades at $985.87 Tuesday versus a 52-week trading range of $640.56 to $1,008.25. Costco stock is up 52% year-to-date in 2024.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year" target="_blank" rel="noreferrer noopener">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a></li>
</ul>
Photo: Bluestork via Shutterstock

COST

Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will 'Make Life Affordable'

As the weekend wraps up, we bring you a recap of the major stories that have shaped the business world. From potential changes in dollar stores due to Trump&#8217;s tariff plans to Canada&#8217;s possible retaliation in a trade war, there&#8217;s a lot to catch up on. Let&#8217;s not forget the significant milestones achieved by Elon Musk and the surprising alliances forming in the political and business arenas. Here&#8217;s the lowdown on what you may have missed.
Trump&#8217;s Tariff Plans Could Reshape Dollar Stores
A proposal by President-elect Donald Trump to impose tariffs on products imported from China, Canada, and Mexico could significantly impact the product assortment and pricing in American dollar stores. Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), known for offering items at $1 or less, has already raised prices to $1.25 to combat inflation.
<a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">Read the full article here.</a>
Canada Considers Export Taxes in Potential Trade War
In response to Trump&#8217;s proposed tariffs, Canada is contemplating imposing export taxes on goods, including uranium, oil, and potash. According to a Bloomberg report, retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely. The Trudeau government may also consider expanding its powers over export controls.
<a href="https://www.benzinga.com/news/global/24/12/42475000/if-trump-starts-a-trade-war-canada-could-impose-export-taxes-on-oil-uranium-report">Read the full article here.</a>
Elon Musk Becomes First Person Worth $400 Billion
Thanks to a continued surge in Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock price since Trump&#8217;s 2024 presidential election win, Elon Musk has become the first person ever worth more than $400 billion. Tesla&#8217;s stock hit a new all-time high of $415 on Wednesday, surpassing its previous high of $414.50.
<a href="https://www.benzinga.com/news/management/24/12/42444955/elon-musk-first-person-worth-400-billion-as-tesla-stock-hits-new-all-time-highs-how-2024-election-helped-could-lead-to-future-gains">Read the full article here.</a>
Mark Zuckerberg Donates $1M to Trump&#8217;s Inauguration
Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg and his company have donated $1 million to support President-elect Donald Trump&#8217;s inauguration events. This is Meta&#8217;s first contribution to an inauguration fund and comes amid efforts to mend its relationship with Trump, who had previously accused the company of censoring right-wing voices.
<a href="https://www.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaugural-event">Read the full article here.</a>
Trump and Bezos to Break Bread
President-elect Donald Trump has announced plans to dine with Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos. This surprising alliance comes after years of clashes and marks a shift in their relationship following Trump&#8217;s recent election win.
<a href="https://www.benzinga.com/media/24/12/42407739/trump-announces-plans-to-have-dinner-with-amazon-founder-jeff-bezos-as-billionaire-rivals-turn-unexpected-allies-after-years-of-clashes">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42488734/dogecoin-price-stuck-around-40-cents-why-isnt-doge-moving?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Price Stuck Around 40 Cents: Why Isn&#8217;t DOGE Moving?</a></li>
</ul>
Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Trump's Impact On Dollar Stores, Canada's Trade War, Musk's Wealth Surge And More: This Week In Politics

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The Dow dropped 1.8% this week, while the S&amp;P 500 fell 0.6%, ending a three-week winning streak. Meanwhile, the Nasdaq gained 0.3%, continuing its climb, driven by optimism in tech and artificial intelligence. 
The Nasdaq 100, boosted by the Magnificent Seven, reached record highs, approaching the 22,000 mark and logging a 30% year-to-date gain. Five of the group's stocks, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), hit new highs, with their combined market value <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42492966/ai-driven-rally-pushes-tech-stocks-to-records-broadcom-enters-trillion-dollar-club-inflation-data-flashes-warning-signal-this-week-in-the-markets">surpassing $18 trillion.</a>
Inflationary pressures also persisted in November, with the Consumer Price Index rising 2.7% year-over-year, marking the second consecutive annual increase and presenting challenges for the Federal Reserve's 2% target. Shelter costs, which rose 0.3%, accounted for 40% of the monthly CPI gain, underscoring the sticky nature of inflation despite <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">earlier signs of disinflation.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42449593/tesla-stock-is-analysts-top-2025-sector-pick-elon-musks-political-involvement-will-accelerate-teslas-journey-beyond-autos">Tesla Is Analyst&#8217;s Top 2025 Stock Pick: Elon Musk Political Involvement May &#8216;Accelerate&#8217; EV Maker Beyond Autos</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as an analyst&#8217;s top automotive pick for 2025, citing Elon Musk's political influence as a catalyst for Tesla&#8217;s expansion into AI, robotics, and renewable energy beyond its core automotive business.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, shares a crypto analyst&#8217;s bullish prediction for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), targeting $3 with a potential high of $18 in a &#8220;wild&#8221; scenario, while using dips between $0.40 and $0.30 to increase holdings early in the bull cycle.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433049/microstrategy-nasdaq-100-inclusion-on-the-horizon-could-spell-59-upside-says-bernstein">MicroStrategy: Nasdaq 100 Inclusion On The Horizon Could Spell 59% Upside, Says Bernstein</a>,&#8221; by <a href="https://www.benzinga.com/author/murtuza-merchant">Murtuza Merchant</a>, highlights the significance of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) joining the Nasdaq 100. Bernstein projects the move could enhance visibility, drive $2.1 billion in ETF inflows, and support a $600 price target, underpinned by the company's Bitcoin-centric growth strategy.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433831/bitcoin-to-200000-ethereum-to-7000-solana-to-750-in-2025-predicts-bitwise">Bitcoin To $200,000, Ethereum To $7,000, Solana To $750 In 2025, Predicts Bitwise</a>
<a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">Palantir Positioned To Become &#8216;The Next&#8217; Oracle In 2025, Says Dan Ives: &#8216;Messi Of AI&#8217; Set For Breakout Year</a>
<a href="https://www.benzinga.com/general/space/24/12/42412982/russell-2000-high-flyers-4-stocks-shaping-2024-with-quantum-ai-nuclear-space">Russell 2000 High Flyers: 4 Stocks Shaping 2024 With Quantum, AI, Nuclear, Space</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, discusses China&#8217;s investigation into NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for potential anti-competitive practices, with TF Securities&#8217; Ming-Chi Kuo predicting limited short-term financial impact but warning of escalating scrutiny, including possible future CUDA-related probes.
&#8220;<a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">Trump To Change Dollar Stores For Good? Dollar Tree Exec Says &#8216;Prepared To Act&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) and Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) bracing for cost pressures from proposed tariffs, with Dollar Tree's CEO stating the company is ready to adapt its pricing and supply strategies.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports Goldman Sachs&#8217; downgrade of General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) to Sell, citing risks from Donald Trump&#8216;s Department of Government Efficiency&#8217;s potential Pentagon budget cuts, while Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) remain under scrutiny for valuation concerns and slowing growth.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/24/12/42452944/larry-summers-cautions-on-trumps-tariffs-and-tax-cuts-markets-are-hair-trigger-sensitive-to-inflation">Larry Summers Warns Of Nixon-Era Risks In Trump&#8217;s Term: Policies Could Trigger &#8216;Significantly Larger&#8217; Inflation</a>
<a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a>
<a href="https://www.benzinga.com/markets/24/12/42430772/janet-yellen-warns-trump-tariffs-could-undermine-confidence-in-financial-markets-and-raise-american-household-costs">Janet Yellen Warns Trump Tariffs Could &#8216;Undermine Confidence In Financial Markets&#8217; And Raise American Household Costs</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Benzinga Bulls And Bears: Tesla, Nvidia, MicroStrategy, Dollar Tree, And Dogecoin Prediction Of $18 In 'Wild' Scenario

A proposal by Donald Trump to impose tariffs on products that come to the U.S. from China, Canada and Mexico could have an impact on products and their prices found in<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns"> American dollar stores.</a>
What Happened: For years, dollar stores have offered items across their aisles that cost $1 or less in many cases. That has changed over the years with dollar stores owned by Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) <a href="https://www.benzinga.com/news/earnings/21/11/24262913/is-dollar-tree-becoming-the-1-25-store-heres-what-investors-and-shoppers-should-know">raising prices to $1.25</a> to offset higher inflation.
Trump's tariff plans could mean further price hikes in Dollar Tree stores or changes to the product assortment, according to company officials.
"While the situation remains fluid and the exact nature, scope, and eventual timing of any new tariffs is not yet clear, we are prepared to act on multiple fronts," Dollar Tree Chief Operating Officer and Interim CEO Mike Creedon said on Dollar Tree's <a href="https://www.benzinga.com/apis/cloud-product/conference-call-transcripts/">recent conference call.</a>
Creedon said Dollar Tree was able to negotiate lower costs with suppliers back in 2018 and 2019 when last dealing with tariff concerns. The company also changed product specs and pack sizes along with stopping the sale of several items altogether.
"All three of those options are still at our disposal."
The Dollar Tree interim CEO also said the company is working on supply sources from alternate countries.
"We believe there is a wide range of potential actions that we can take to help mitigate additional tariffs if and when they materialize."
Creedon said the company's multi-price strategy, which includes items past the $1 and $1.25 price points, could also be a solution for the tariff plans when asked to share what the downside case to the company's earnings is due to tariffs.
"Multi-price gives us the ability to flex where we need to if a certain product becomes something that we've got to move in the market to be competitive."
Read Also: <a href="https://www.benzinga.com/news/global/24/12/42300450/trump-told-trudeau-canada-could-avoid-tariffs-by-becoming-51st-state-a-look-at-sectors-trade-war-could-impact">Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit</a>
Why It's Important: Plans call for 25% tariffs on products imported from Mexico and Canada and 10% tariffs on products imported from China.
Retailers who sell consumer products could see higher costs for items they sell in the store. Companies will be tasked with deciding how to maintain their pricing power from suppliers, keeping prices the same and hurting their own profit margins or passing the higher costs onto consumers.
Based on the commentary from Dollar Tree, the company plans on a combination of both trying to lower costs from suppliers and raising prices for consumers.
Similar to fighting off inflation, Dollar Tree and other retailers could also look to change product size and assortment to keep prices the same for consumers or eliminate some items that aren't as profitable and perhaps also not as in demand from consumers.
Dollar Tree <a href="https://www.benzinga.com/24/12/42314941/dollar-tree-boosts-annual-profit-outlook-as-q3-earnings-surpass-expectations-stock-jumps">reported third-quarter </a>revenue and earnings per share that beat analyst estimates along with a better outlook for the full fiscal year. The company received several <a href="https://www.benzinga.com/quote/DLTR/analyst-ratings">price target hikes</a> from analysts after the report. 
DLTR Price Action: Dollar Tree stock closed down 0.38% to $71.60 on Monday versus a 52-week trading range of $60.49 to $151.22. Dollar Tree stock is down 50% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a></li>
</ul>
Photo: Jonathan Weiss via Shutterstock

Global

Trump To Change Dollar Stores For Good? Dollar Tree Exec Says 'Prepared To Act'

Guggenheim analyst John Heinbockel maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and lowers the price target from $120 to $100.

Guggenheim Maintains Buy on Dollar Tree, Lowers Price Target to $100

Loop Capital analyst Anthony Chukumba maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Hold and raises the price target from $65 to $75.

Loop Capital Maintains Hold on Dollar Tree, Raises Price Target to $75

BMO Capital analyst Kelly Bania maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Market Perform and raises the price target from $65 to $70.

BMO Capital Maintains Market Perform on Dollar Tree, Raises Price Target to $70

Truist Securities analyst Scot Ciccarelli maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and raises the price target from $79 to $83.

Truist Securities Maintains Buy on Dollar Tree, Raises Price Target to $83

Citigroup analyst Paul Lejuez maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Neutral and raises the price target from $64 to $76.

Citigroup Maintains Neutral on Dollar Tree, Raises Price Target to $76

Piper Sandler analyst Peter Keith reiterates Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Neutral and raises the price target from $67 to $72.

Reiteration

Piper Sandler Reiterates Neutral on Dollar Tree, Raises Price Target to $72

Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled <a href="https://www.benzinga.com/markets">growth continued to strengthen.</a>
The Nasdaq 100 climbed 0.9%, pushing further into record territory following Tuesday&#8217;s highs. The S&amp;P 500 advanced 0.4%, hitting 6,077—a fresh record-high milestone—eyeing its twelfth gain in thirteen sessions.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) advanced over 2% by midday, breaking all-time highs previously set in November. The e-commerce giant&#8217;s gains were bolstered by strong early holiday sales and optimism stemming from the AWS annual conference, where AI <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42321567/amazon-hits-all-time-highs-eyes-best-2-year-rally-since-2010-cyber-season-marks-record-sales-aws-shines-with-ai-innovations">advancements took center stage.</a>
Fresh economic data offered a mixed narrative. The ISM services index showed a slower-than-expected growth in November, while ADP reported private payroll growth of 146,000 for the month, slightly under the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42314234/private-employers-add-fewer-than-predicted-jobs-in-november-manufacturing-was-the-weakest-weve-seen-since-spring">consensus estimate of 150,000.</a>
St. Louis Federal Reserve President Alberto Musalem struck a cautious tone on monetary policy, suggesting a potential slowdown or pause in the pace of interest rate cuts <a href="https://www.benzinga.com/news/econ-s/24/12/42316647/interest-rate-cut-in-december-st-louis-feds-musalem-urges-patient-approach-in-last-mile-to-2">might soon be warranted.</a>
The dollar weakened after the ISM report, while U.S. Treasury yields erased earlier gains and remained steady by midday.
In commodities, gold added 0.3%, while natural gas and crude oil prices declined 2.6% and 1%, respectively.
Meanwhile, the cryptocurrency market struggled to keep up with the broader risk-on mood. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped 0.2%, trading just above $95,000
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,428.69</td>
<td>+199.37</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.20</td>
<td>+23.32</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,864.46</td>
<td>+158.93</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,422.11</td>
<td>+5.76</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $606.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $449.79.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1% to $521.87.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $240.68.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.6%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 2.4%.</li>
</ul>
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h2>
<ul>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) rose over 7% in reaction to its quarterly results, which delivered slightly lower-than-expected earnings. </li>
<li>Other stocks reacting to earnings included Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) up 24%, Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) up 4.8%, The Campbells Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) down 6%, Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) up 2.4%, and Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) down 3.8%.</li>
<li>Companies slated to report their earnings after the close are Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) and Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42319796/tesla-analyst-lowers-q4-delivery-estimate-says-2-dynamics-will-determine-ev-stocks-valuation">Tesla Analyst Lowers Q4 Delivery Estimate, Says 2 Dynamics Will Determine EV Stock&#8217;s Valuation</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Earnings

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Federal Reserve

Tech

ETFs

$BTC

CHWY

SPDR Dow Jones Industrial Average ETF Trust

FIVE

MRVL

OKTA

PSTG

SNPS

Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday?

On Wednesday, Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)&nbsp;reported third-quarter adjusted EPS of $1.12, up 15.5% year over year and beating <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42302071/dollar-general-dollar-tree-five-below-q3-earnings-preview-can-discount-retailers-rebound-ahead-of-holidays" rel="noreferrer noopener">the consensus of $1.07</a>.
The discount variety store chain reported sales of $7.57 billion, up 3.5% year-over-year, beating the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $7.44 billion</a>.
Enterprise same-store net sales increased 1.8%, driven by a 1.6% increase in traffic and a 0.2% <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42310755/dollar-tree-inc-reports-results-for-the-third-quarter-fiscal-2024" rel="noreferrer noopener">increase in average ticket</a>.
Dollar Tree&#8217;s same-store net sales increased 1.8%, driven by a 1.5% increase in traffic and a 0.3% increase in average ticket. Family Dollar&#8217;s same-store net sales increased 1.9%, driven by a 1.8% increase in traffic and a flat average ticket.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40738760/dollar-stores-struggle-when-walmart-performs-well-report" rel="noreferrer noopener">Dollar Stores Struggle When Walmart Performs Well: Report</a>
The company continues reiterating its commitment to completing its formal review of strategic alternatives for the Family Dollar business segment.
As a result of the portfolio optimization review, the company identified approximately 970 underperforming Family Dollar stores, including approximately 600 stores to be closed in the first half of fiscal 2024 and around 370 stores to be closed at the end of each store&#8217;s current lease term.
As of November 2, the company closed approximately 670 stores and expects to close an additional 25 during the remainder of fiscal 2024.
&#8220;Our Dollar Tree and Family Dollar merchandising efforts produced tangible results, and our third quarter sales came in at the high end of our expected range,&#8221; said Mike Creedon, Interim Chief Executive Officer.&nbsp;
Dollar Tree also announced that Jeff Davis will step down from his role as the Chief Financial Officer. The company has launched an external search.
Guidance: Dollar Tree expects fiscal year 2024 sales of $30.7 billion—$30.9 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40705415/dollar-tree-q2-earnings-revenue-and-eps-miss-cuts-annual-forecasts-as-customers-feel-macro-pressure" rel="noreferrer noopener">compared to prior guidance</a> of $30.6 billion—$30.9 billion and the consensus of $30.73 billion.
The company still expects to deliver comparable store net sales growth in the low-single-digits for the enterprise and both the Dollar Tree and Family Dollar segments.
Dollar Tree expects 2024 adjusted EPS of&nbsp;$5.31-$5.51 compared to prior guidance of $5.20-$5.60, versus the consensus of $5.38.
For the fourth quarter of 2024, Dollar Tree forecasts sales of $8.1 billion—$8.3 billion, compared to the consensus of $8.26 billion, based on comparable store net sales growth in the low single digits for the enterprise and both the Dollar Tree and Family Dollar segments.
Adjusted diluted EPS for the fourth quarter is estimated to be $2.10-$2.30 compared to the consensus of $2.22.
Price Action:&nbsp;At last check on Wednesday, DLTR stock was up 4.93% at $76.05 during the premarket session.
Read Next:
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Photo via Shutterstock

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