Why Dollar Tree Stock Got Hammered Today

Shares of discount retail chain Dollar Tree (DLTR -14.81%) got hammered on Wednesday after the company reported a whopping $1.7 billion net loss in its most recent quarter. As of 9:45 a.m. ET, Dollar Tree stock was down 13%.It's time to update Dollar Tree's footprintIn the fourth quarter of 2023, Dollar Tree generated net sales of $8.6 billion, which were up 12% year over year and right on schedule. However, the company swung to its massive aforementioned loss because it recognizes that it has too many unde ...