Dollar Tree Weighs on Discounters -- Market Mover

03/07/18 11:59 AM EST

Shares of Dollar Tree Inc. are down 15% in morning trading following misses on earnings and same-store sales in its latest quarter and the decline is weighing on other discount-focused retailers. Ross Stores Inc. is down 4.7% as Burlington Stores Inc. is down 3.7%, as the S&P 500 falls 0.4%. "Competition has been intense for a few years," Ross Stores CEO Barbara Rentler said on a Tuesday conference call with analysts. "I think competition will remain intense." Ross also guided same-store sales growth for the current fiscal year below Wall Street expectations. (; @austenhufford)


(END) Dow Jones Newswires

March 07, 2018 11:59 ET (16:59 GMT)

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