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Benzinga
Benzinga
Business
MarketBeat

Can Dollar Tree Rebound On Strength Of Frugal Consumers?

Dollar Tree Family Dollar Inflation MarketBeat Recession

You would think discount stores would flourish in an era of high inflation and recession fears, but Dollar Tree (NASDAQ:DLTR) gapped down hard following its quarterly earnings report. Even so, the stock is outperforming the market, and its industry has been rallying. 

Dollar Tree sales grew 7% year-over-year, to $6.765 billion. Earnings came in at $1.60 per share, up 30% from a year ago. MarketBeat earnings data show the company has topped analysts' bottom-line views in each of the past 11 quarters. 

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