Dollar Tree Inc DLTR shares are trading lower Wednesday alongside several other retailers after Target Corp TGT announced worse-than-expected earnings results.
Target reported first-quarter earnings of $2.19 per share, which came in below the estimate of $3.07 per share, according to data from Benzinga Pro.
Operating income margin rate also came in well below expectations at 5.3% in the first quarter compared with 9.8% in 2021, driven by gross margin pressure reflecting actions to reduce excess inventory as well as higher freight and transportation costs.
Related Link: 'We Faced Unexpectedly High Costs': Why Target Shares Are Falling Today
Dollar Tree is set to report its first-quarter results before the market opens on May 26.
DLTR Price Action: Dollar Tree shares have traded between $84.26 and $177.19 over a 52-week period.
The stock was down 16.5% at $130.50 at press time.
Photo: Mike Mozart from Flickr.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
