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An exterior view of a Dollar Tree store at the Buckhorn...
(Paul Weaver/Getty Images)

Dollar Tree sinks on tariff warning despite handily topping Q1 earnings estimates

The discount retailer warned of a profit hit for the current quarter as tariffs take effect.

Nia Warfield

Dollar Tree shares sank 9% Wednesday morning, leading S&P 500 decliners, after the discount retailer topped Q1 estimates but warned tariff volatility could affect profits.

Adjusted earnings per share came in at $1.26, beating FactSet estimates of $1.21 and the company’s original guidance of $1.10 to $1.25. Revenue hit $4.6 billion, also above expectations and the high end of its forecast range. Comps and net sales were both lifted by a strong Valentine’s Day and Easter.

Execs on the earnings call said the chain added 2.6 million new shoppers during the quarter and saw a 9% jump in customers who visited the store at least three times a month. The gains came as the chain attracted a broader demographic of shoppers and saw strong demand for grab-and-go items like candy, snacks, and drinks, as well as other key discretionary categories.

Still, the stock dipped after Dollar Tree warned EPS could drop by as much as 50% for the current quarter, partly because of rising tariff-related costs. The chain reaffirmed its full-year sales outlook of $18.5 billion to $19.1 billion.

Share of rival Dollar General also fell after the report, though the company’s stock had gotten a big boost on Tuesday from posting a blowout quarter of its own.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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