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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