Deutsche Bank analyst raises outlook for Dollar General, Dollar Tree, and ULTA

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Wed, Aug 24, 2022, 10:35 AM

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Yahoo Finance Live’s Brian Sozzi discusses a Deutsche Bank analyst raising the outlook for Dollar General, Dollar Tree, and ULTA.

Video Transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, before we head to break, we are tracking some bullish retail sales revisions ahead of key earnings reports from Deutsche Bank analyst Krisztina Katai. Katai is raising her same-store sales estimates for Dollar General and Ulta, following, quote, "favorable data in recent weeks."

The analyst is also raising our EPS forecast for Dollar Tree, Dollar General, and Ulta. Fortunately, Katai isn't feeling Five Below and Big Lots. Says the analyst, we are reducing our estimates for Five Below on likely weaker traffic to stores amid consumer trip consolidation, and Big Lots on elevated inventory levels and clearance activity.

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Deutsche Bank analyst raises outlook for Dollar General, Dollar Tree, and ULTA

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