Dollar General forecasts tepid full-year profit as costs surge [Reuters]
Dollar Tree, Inc. (DLTR)
Last dollar tree, inc. earnings: 3/4 07:30 am
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Source: Reuters
Spiraling freight costs, shipping delays and other supply-chain snarls at a time when labor and raw materials are getting costlier have pinched profit outlooks at dollar stores that already operate on razor-thin margins. Rival Dollar Tree Inc (DLTR.O) also forecast holiday-quarter profit below expectations last week and raised its pricing point to $1.25 for most items at its namesake stores to boost margins. Dollar General, which typically sells products for $10 or less, announced a target of about 1,000 new pOpshelf stores, aimed at wealthier customers who enjoy a treasure-hunting experience, by the end of fiscal 2025. The Goodlettsville, Tennessee-based company also announced plans for an international expansion for the first time, saying it expects to open up to 10 stores in Mexico by the end of fiscal 2022. Dollar General narrowed its fiscal 2021 sales growth forecast to between 1% and 1.5%, the midpoint of which was below expectations. Its full-year earnings forecast o
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DLTR
News
- These 12 BJ's Wholesale Club Brands Are Worth Every Penny [Yahoo! Finance]Yahoo! Finance
- 9 Items Worth Buying at Dollar Tree on a Middle-Class Budget [Yahoo! Finance]Yahoo! Finance
- 10 Best Affordable Items Coming to Dollar Tree in 2024 [Yahoo! Finance]Yahoo! Finance
- 7 Cheap Ikea Products That You Should Avoid Buying [Yahoo! Finance]Yahoo! Finance
- Family Dollar shuts down near three dozen Ohio stores, including 3 in Butler County [Yahoo! Finance]Yahoo! Finance
DLTR
Earnings
- 3/13/24 - Miss
DLTR
Sec Filings
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- DLTR's page on the SEC website