Retailers Best Buy Co., Inc. (BBY) and Dollar Tree Inc. (DLTR) reported on Thursday profits for the first quarter that decreased from last year, but results topped analysts' estimates. However, net sales missed estimates. Best Buy maintained its guidance for the full-year 2023, while Dollar Tree slashed its earnings outlook for the full-year 2023.
In pre-market activity, Best Buy shares are up $4.05 or 5.86 percent to trade at $73.20 on the NYSE, while Dollar Tree's shares are plunging $18.85 or 12.13 percent to trade at $136.50 on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.