- Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Dollar Tree Inc (NASDAQ:DLTR) with a price target of $165.
- Dollar Tree’s 1Q23 EPS of $1.47 missed the consensus estimate of $1.52, reflecting worse-than-anticipated adjusted operating margin contraction of 445 basis points to 6.1%.
- The pressure on operating margin was driven by the gross margin compression of 345 basis points to 30.5%, primarily due to lower initial markup, and elevated shrink, and unfavorable product mix shift to consumables, noted the analyst.
- Dollar Tree guided 2Q23 EPS of $0.79-$0.89, well below the consensus of $1.26, given the pressure on profits.
- The analyst is disappointed by another mixed earnings report and the fourth consecutive lowered guidance.
- However, the analyst continues to believe the company remains well-positioned for the long term to gain market share, given its convenient locations, value merchandise, and transformative initiatives.
- Price Action: DLTR shares are trading lower by 10.09% at $139.67 on the last check Thursday.
Pathfinder Bancorp, Inc. Announces The Retirement Of Walter F. Rusnak As CFO, Effective June 28, 2024; Justin K. Bigham Named Successor
Pathfinder Bancorp, Inc. ("Pathfinder") (NASDAQ:PBHC) today announced that Walter F. Rusnak, CPA, 70, Senior Vice President and Chief Financial Officer, will retire from the role after a career spanning more than forty
