Dollar Tree Stock News

Shares of discount retailers Dollar General (DG) and Dollar Tree (DLTR) moved in opposite directions Thursday as investors continued to digest the companies' latest earnings results and financial outlooks, which lately have weighed on both stocks.

Dollar Tree is following in the footsteps of its competing dollar store, Dollar General, as the company cut its full-year outlook and shares dropped 20% during trading today.

Major U.S. equities indexes continued their sluggish start to September, ending mixed and little changed on Wednesday.

Family Dollar parent company Dollar Tree, which operates more than 16,000 stores across the U.S. and Canada, is navigating a significant transformation under Chairman and CEO Rick Dreiling. Despite facing a challenging macroeconomic environment, the company is making strategic moves that could redefine its market position and appeal to a broader customer base.

Dollar Tree stock cratered Wednesday as the discount store chain delivered a disappointing second-quarter earnings report, suffering its worst day on Wall Street in more than two decades.

Dollar Tree's quarterly results came in well below Wall Street's expectations. Higher-than-expected costs led to a huge earnings miss.

Shares of Dollar Tree were trading at around $65 a share on Wednesday -- the lowest in more than four years.

The pressure on discount retail stocks continues.