Chewy Beats, Dollar Tree Sale, Tariffs Hit Metals Companies
On this episode of Stock Movers:
- Chewy (CHWY) shares rise after the online pet products retailer reported fourth-quarter net sales that beat estimates. Additionally, the company issued guidance for the metric in the first quarter that came ahead of consensus forecasts.
- Dollar Tree (DLTR) shares rise as the company will sell its Family Dollar chain for about $1 billion to Brigade Capital Management and Macellum Capital Management a decade after buying the business. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar.
-Freeport-McMoRan (FCX) shares climb after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months. The company has been gaining as it is expected to be a winner if copper tariffs are imposed.
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