📉 Dollar Tree’s (DLTR) shares took a nosedive, hitting a 52-week low. Why? Shoppers were all about essentials, leaving those discretionary items collecting dust on the shelves.
📢 CEO Rick Dreiling painted a picture: a tough economic backdrop and a throwback to pre-pandemic spending. But hey, on the bright side, they saw gains in traffic and market share.
💰 While Dollar Tree surpassed Wall Street’s Q2 expectations, they adjusted their profit outlook. Blame it on more low-margin buys, shrinkage issues (a term used for lost, stolen, or damaged inventory), and those pesky rising diesel fuel costs.