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Stock impact report

Dollar stores continue to see higher-income shoppers, even as consumer sentiment improves [Yahoo! Finance Canada]

Dollar Tree, Inc. (DLTR) 
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
Dollar store chains have seen an influx of higher-income shoppers this year as economic uncertainty wobbles and households, even those that are wealthy, look to save. "We're pleased to see growth once again in our total customer count, with disproportionate growth coming from higher-income households," Dollar General ( DG ) CEO Todd J. Vasos told investors on the company's earnings call. The company reported same-store sales growth of 2.5% during the quarter , surpassing the Street's expectations. Dollar Tree ( DLTR ) said it gained 3 million new shoppers across all income brackets in the quarter. Roughly 60% of its new shoppers are high-income households, which the company defined as earning over $100,000. That's up from 50% of new shoppers earlier this year in the first quarter, according to Dollar Tree CEO Michael Creedon. Meanwhile, 30% of those shoppers are middle-income consumers, earning between $60,000 and $100,000, and the rest are lower-income consumers, making unde Show less Read more
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