Dollar Tree 's investments into improving its store experience for consumers are finally paying off, according to Goldman Sachs.
Dollar stores have been recently slammed by deteriorating consumer fundamentals and investor sentiment, as gas prices have risen and student loan payments resumed.
Dollar Tree, for example, has seen its stock slide 22% since the start of the year.
McShane noted that Dollar Tree's "recent investments in price, labor and merchandising" should also serve as catalysts.
All in all, McShane believes Dollar Tree's multiyear initiatives should propel the company forward to generate its targeted earnings of $10 per share in 2026.
Persons:
Goldman Sachs, Goldman, Kate McShane, McShane, — CNBC's Michael Bloom