Stock soared 22% Thursday.
Have you been to the grocery store lately?
During a time when many retail chains are shuttering locations, Dollar Tree is moving in the opposite direction.
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Dollar Tree operates discount stores in the U.S. and Canada, including over 7,500 shops under its namesake banner and more than 7,700 Family Dollar units. The eponymous chain features branded and private-label goods, generally at a $1 price (CAD 1.25 in Canada). Nearly 50% of Dollar Tree stores' fiscal 2019 sales came from consumables (including food, health and beauty, and household paper and cleaning products), just over 45% from variety items (including toys and housewares), and 5% from seasonal merchandise. Family Dollar features branded and private-label goods at prices generally ranging from $1 to $10, with over 77% of fiscal 2019 sales from consumables, 9% from seasonal/electronic items (including prepaid phones and toys), 8% from home products, and 6% from apparel and accessories.
| Website: | www.dollartree.com |
| Email: | www.computershare.com/investor |
| Main Phone: | +1 757 321-5000 |
| Address: | 500 Volvo Parkway |
| State: | VA |
| City / Town: | Chesapeake |
| Country: | US |
| Postal Code: | 23320 |
| Exchange: | NGS |
| CEO: | Michael A. Witynski |
| Employees: | 193100 |
| NAICS: | All Other General Merchandise Stores(452319) |
Stock soared 22% Thursday.
Have you been to the grocery store lately?
During a time when many retail chains are shuttering locations, Dollar Tree is moving in the opposite direction.
The company earned $1.39 per share in the quarter ended Oct. 31 on net sales of $6.18 billion.
The company said it would add holiday staff at stores and distribution centers as part of its annual hiring event.
Sales remained robust even after the panic-buying surge at the start of lockdowns, as high unemployment encouraged demand for cheaper priced cereals, vegetables and other daily essentials.
Market fell to its first loss in four days amid worries about rising US-China trade tensions.
The top two dollar store chains benefited from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic.
Tobias Carlisle chats with the man behind the pseudonymous Twitter account, Bluegrass Capital.
Everyone is expecting a recession in 2020 or beyond, not before, and markets have a tendency to surprise us on the downside. Once a bear market develops, it could get really nasty, really fast.
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