Value-conscious shoppers have been a boon to some discount retailers, while others like Five Below (FIVE) feel the weight of a challenging macro environment. Loop Capital Markets Managing Director Anthony Chukumba joins Market Domination to discuss his top picks in the discount retail sector. Chukumba characterizes the lower-income consumer's current position as a "tough place": these consumers are working, given the market's low unemployment, but they are "stressed" by having to pay more for everything from rent to groceries. This means they are being more selective in terms of what they're buying, avoiding the discretionary items on which retailers make higher profit margins, Chukumba says. The strategist outlines why discount retailers such as Ollie's Bargain Outlet (OLLI) and Dollar Tree (DLTR) earned Buy ratings from Loop Capital Markets. For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
Dollar Tree weighs selling Family Dollar. Ollie's Bargain Outlet breaks out on earnings, Lululemon bolts. Five Below tumbles.
Dollar Tree, Inc. (NASDAQ:DLTR) Q1 2024 Earnings Call Transcript June 5, 2024 Dollar Tree, Inc. reports earnings inline with expectations. Reported EPS is $1.43 EPS, expectations were $1.43. Operator: Hello, and welcome to the Dollar Tree Q1 2024 Earnings Call. [Operator Instructions] A question and answer session will follow the formal presentation. [Operator Instructions] As […]