5 Stocks in Focus After Posting Their Financial Results

4. Dollar Tree, Inc. (NASDAQ:DLTR)

Number of Hedge Fund Holders: 38

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) hit an all-time high of $149.37 on Wednesday, 24 November 2021, after announcing its financial results for the third quarter. The operator of discount variety stores earned 96 cents per share in the quarter, compared to $1.39 per share in the same period of 2020.

Revenue for the quarter rose 3.9 percent on a year-over-year basis to $6.42 billion. Analysts were expecting Dollar Tree, Inc. (NASDAQ:DLTR) to post earnings of 96 cents per share on revenue of $6.41 billion.

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The company also released its financial outlook for the fourth quarter. Dollar Tree, Inc. (NASDAQ:DLTR) expects earnings in the range of $1.69 – $1.79 per share and revenue between $7.02 – $7.18 billion.

Discussing the results, CEO Michael Witynski said:

“We experienced a strong finish to the quarter, as shoppers are increasingly focused on value in this inflationary environment. Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide.”