Dollar Tree Reports 34% Decrease in Quarterly Profit
Profit Margin Suffers Decline of 31.9% in Recent Quarter for Dollar Tree
Dollar Tree, Inc. [DLTR] reported a net profit of $132.4 million for the second quarter ended August 3, 2024. This figure reflects a decrease from the previous quarter's net profit of $200.4 million.
The company, headquartered in Chesapeake, Virginia, reported to SEC in an 8-K filing $0.62 earnings per share in the quarter, compared to $0.91 in the previous quarter.
Dollar Tree, a prominent player in the retail sector, reported a revenue of $7.37 billion in the recent period, showing a slight increase from the previous quarter's revenue of $7.32 billion.
In comparison to the same quarter of the previous year, Dollar Tree experienced a revenue growth from $7.32 billion to $7.37 billion. This represents a percentage increase in revenue year over year. Furthermore, the company saw a percentage change in profit from the same quarter of the previous year.
As of September 3, 2024 end of day trading.
