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Dollar Tree Is Raising Its Prices Again — Here's What You Need to Know [Yahoo! Finance]
Last dollar tree, inc. earnings: 3/4 07:30 am
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US:NASDAQ Investor Relations: dollartreeinfo.com/investors
In 2021, CNN reported that the retailer increased some of its products to $1.25 and planned to “add $3 and $5 items to more stores,” but customers are about to see even higher price tags. During the company's fourth-quarter earnings call in March, Dollar Tree Chairman and CEO Rick Dreiling shared that the base price of over 300 items will increase to a max of $7. Across the company's 3,000 stores, shoppers can expect to see inflated prices on items like food, pet care, and personal care. In the earnings call, Dreiling mentioned two other important announcements. Dollar Tree, who also owns Family Dollar, reported that the company is closing nearly 1,000 of its stores. Last year, Dollar Tree shared that $5 groceries were on the way , and the recent company call confirmed that the $3, $4, and $5 frozen and refrigerated items are available in more than 6,500 stores. With all of the store's incoming changes, shoppers are not happy. A TikTok by @bargain.bethany shows that medication,
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