Discount stores and athleisure retailer Lululemon wrap up retail results Wednesday amid a mixed bag this earnings season. Dollar Tree (DLTR) and Ollie’s Bargain Outlet (OLLI) report early Wednesday. Five Below (FIVE) and Lululemon (LULU) round out results after market close. However, OLLI stock is the only one shaping up near a buy point.

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Dollar Tree

FactSet analysts expect Dollar Tree earnings to ease 2.7% to $1.43 per share while revenue rises 4.3% to $7.63 billion.

Dollar Tree posted a 25% increase in earnings for Q4 but recorded double-digit declines the three quarters prior. The company during its fourth-quarter results in March announced it will close 600 Family Dollar Stores in the first half of 2024. Additionally, Dollar Tree will close 370 Family Dollar locations and 30 Dollar Tree stores over the next several years as leases expire. The company incurred more than a $2 billion hit related to the store portfolio review.

Analysts predict Dollar Tree returns to double-digit earnings growth through the rest of 2024.

DLTR stock ticked higher early Tuesday. Shares climbed consecutively in the four days prior, trending toward their 50-day moving average.

DLTR stock has fallen 14.8% so far this year.

Ollie’s Bargain Outlet

Wall Street forecasts Ollie’s Bargain Outlet earnings increase 32.7% to 65 cents per share on 10% revenue growth to $506 million. The discount retailer’s earnings accelerated to a 46% gain last quarter, while sales growth increased the last five quarters.

OLLI stock is trading just below a 84.38 buy point for a 14-week cup base.

Shares have trended higher the past three weeks.

The base is the latest pattern in a series of subsequent bases. But the stock has been unable to score a definitive breakout since July of last year.

OLLI stock climbed 10.2% in 2024.

Lululemon

FactSet analysts forecast Lululemon earnings increase 5.3% to $2.40 per share on nearly 10% sales growth to $2.199 billion. The athleisure retailer recorded more than 20% earnings growth over the last three quarters while sales increased in the high-teens percentage.

LULU stock has tumbled more than 40% this year after the company’s outlook from its Q4 report came in well below FactSet estimates.

Five Below

Five Below earnings are expected to fall nearly 6% to 63 cents per share. Analysts forecasts sales growth to slow after accelerating the last two quarters, increasing 14.9% to $834 million.

FIVE stock has cratered nearly 34% in 2024.

You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison

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