Wells Fargo sees dollar store earnings ahead with varied outlooks
Wells Fargo outlined varied outlooks for upcoming dollar-store earnings. It expects Dollar Tree (DLTR) Q2 EPS of $1.15 at the high end, raised its DLTR price target to $155 from $145, and projects full-year guidance upside. For Five Below (FIVE) it projects Q2 EPS above $1.55. For Dollar General (DG) it expects ~3% comp sales and possible full-year raise. It lowered Ollie’s Bargain Outlet (OLLI) Q2 EPS to $1.04 and cut its price target to $100.

