On August 27, Dollar Tree fell 5.05% in pre-market trading, trading at approximately $126.00 per share, with turnover of $1.64 million.

The company reported fiscal Q2 adjusted earnings of $1.39 per share, beating the analyst consensus estimate of $1.14 by 21.93% and representing an 80.52% year-over-year increase. Revenue came in at $4.887 billion, also exceeding the $4.859 billion estimate, while comparable store net sales grew 3.7%. Dollar Tree simultaneously raised its full-year adjusted EPS guidance to $7.70-$8.05, well above the prior range of $6.70-$7.10 and the FactSet consensus of $7.07.

Despite the strong Q2 results and full-year guidance raise, the stock declined as the company issued fiscal Q3 adjusted EPS guidance of $0.80 to $0.95, significantly below the analyst expectation of $1.40. Third-quarter net sales guidance of $5.0 to $5.1 billion also came in roughly in line with the $5.04 billion estimate, offering little offset to the earnings shortfall outlook for the upcoming quarter.

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