Reported about 1 month ago
Dollar Tree and its rival Dollar General have reported disappointing earnings, with both companies missing Wall Street estimates for the summer quarter. Despite attracting higher-income customers in the past, Dollar Tree's CEO warned that recent macroeconomic pressures such as inflation and rising interest rates are having a negative impact on purchasing behavior among these consumers. Consequently, analysts have adjusted their price targets for Dollar Tree downwards, expressing concerns about profitability and competition in the budget retail sector.
Source: YAHOO