Analysts expect the Chesapeake, Va.-based discount retailer to post fourth quarter earnings per share of $1.07 with revenue of $5.41 billion. During the same quarter a year ago, the company posted net income of $1.16 a share on sales of $2.48 billion.
"The value component is doing very well," Cramer said. "I continue to think that's the segment you want to be in. I like what's happened to Dollar Tree in the last three months with Family Dollar."
Shares of Dollar Tree have risen 7.8% over the past three months and 5.5% since the start of the year. The broad S&P 500 has lost 4.4% year-to-date.
Last summer, the Dollar Tree's roughly $9 billion acquisition of rival Family Dollar closed, after the combined company appeased regulators by shedding more than 300 Family Dollar locations in 35 states.
Ross Stores also reports earnings on Tuesday. Analysts expect the Dublin, Calif.-based discount clothing store to post fourth quarter earnings per share of $0.64 with sales of $3.21 billion, compared to $3.03 billion during the same quarter last year.
Shares of Ross Stores have gained 4.7% since the start of the year, while TJX has jumped by 6.5%.
The latest economic data point gauging consumer sentiment was the Census Bureau's retail sales report for January, released in mid-February. The report showed a 0.2% increase in retail sales for the month, thanks to an increase in spending at general merchandise stores and online retailers.