Investing.com -- Gordon Haskett has updated its estimates for dollar store retailers ahead of second quarter fiscal 2026 earnings reports starting next week.

Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) are scheduled to report on August 27, followed by Ollie's Bargain Outlet (NASDAQ: OLLI) and Five Below (NASDAQ: FIVE) on September 2.

The firm raised its same-store sales estimates for Dollar General to 3.0%, Dollar Tree to 4.0%, and Five Below to 13.0%. It lowered its projection for Ollie's to 0.0%.

Gordon Haskett expects a negative adjustment to Ollie's fiscal 2026 same-store sales guidance, from 2.0% to a range of 0.0% to 1.0%. The firm noted improved traffic trends at Ollie's over the past four to six weeks.

Monthly traffic trends mostly accelerated on a two-year basis during the quarter. Ollie's saw an increase in July, while Dollar Tree accelerated each month. Dollar General posted its strongest trends in June, and Five Below decelerated slightly but remained relatively healthy.

The firm maintains a buy rating on Five Below, citing the company's marketing campaigns and merchandising capabilities. Same-store sales trends are expected to slow from the first quarter's 22.7% increase as certain tailwinds cool.

Gordon Haskett holds an accumulate rating on Ollie's, noting that the second quarter comparable sales bar is low at down approximately 1.0% to 2.0%.

The firm maintains hold ratings on both Dollar General and Dollar Tree. At Dollar General, the firm plans to monitor price investment activity following Walmart's recent announcement of more aggressive pricing.

At Dollar Tree, Gordon Haskett's neutral stance reflects concerns about the long-term effects of abandoning the $1.00 and $1.25 price points, balanced against near-term catalysts including stock buybacks and shrink tailwinds.