In October, headline retail sales marked their first monthly decline since March. However, the 0.1% drop was less than the 0.3% decline that analysts had expected, underscoring that the U.S. consumer is in much better shape than what economists have projected.
Against this backdrop, discount variety retailer Dollar Tree, Inc. (DLTR) reported its third-quarter results last week. The company’s revenue was $7.31 billion, missing the Wall Street analyst estimate of $7.42 billion. Moreover, DLTR reported an adjusted EPS of $0.97 for the quarter, missing the analyst estimate of $1.01.
