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Dollar Tree's stock plummeted after missing earnings and providing weak guidance due to challenges such as shrink levels and reduced SNAP benefits. The company announced closures and impairments, with Family Dollar stores underperforming. In contrast, Dollar General's stock surged to a 7-month high following a profit beat and positive same-store sales growth, indicating a turnaround in the business. Dollar General projected annual profit below estimates due to higher costs but gave a positive same-store sales outlook, showing promising results in its efforts to improve the business.
$ADBE Adobe will report today after close. Analysts estimate $5.14B in revenue (+10.42% YoY) and $4.38 in earnings per share (+15.26% YoY). The pattern is a little confusing. Seems to be setting up to fall, however. Hmm https://t.co/v8sBWivTQC
Dick's celebrating my anniversaries by making new ATHs. Beats, guides higher. Margins expanded, just like $WSM Chart looks insane. Still not all that expensive (as noted by @michaelsantoli just now). It feels like ~10 retailers are getting all the business. https://t.co/k39RqPFyx1
$DG net sales of $9.86 billion for the fourth quarter, above analysts' average estimate of $9.78 billion. Gross profit as a percentage of net sales was 29.5% for the reported quarter, down from 30.9% last year. 2024 sales to grow between 6.0% and 6.7%, above analysts' estimate… https://t.co/K3834oe3Ww