| Good Evening,
 
It was once famously said as General Motors NYSE: GM goes so goes the nation. Today, investors who are looking at which direction the nation, or at least the national economy, is moving may want to look at Dollar Tree Inc. NASDAQ: DLTR. If that theory is true, the predictions of an upcoming recession may be correct.
Dollar Tree reported weaker-than-expected numbers on the top and bottom line, with earnings per share (EPS) of 97 cents on revenue of $7.31 billion. Dollar Tree earnings estimates on MarketBeat called for EPS of $1.01 on revenue of $7.4 billion.
In the all-important category of comparable store (i.e., same store) sales, Dollar Tree also came in light with 3.9% growth far below analysts’ expectations of 5.3%.
Shares of DLTR stock surged higher in the pre-market on expectations of a better report. At one point shares had surged 4% from their November 28 closing price. But shares are falling after the company’s report and earnings call.
As you’ll see, at first glance, the story seems pretty cut and dry. It’s a bearish narrative when even dollar stores are seeing reduced sales volume. These companies attract low- to middle-income consumers whose spending habits are often the harbinger of good or bad news for the economy. On the other hand, there were some bright spots in the report that may make DLTR stock attractive, but perhaps not right now.
Watch our full analysis by clicking here.
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