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Stockreport

Rich people are flooding dollar stores as Americans navigate a crushing affordability crisis [Fortune]

Dollar Tree, Inc. (DLTR)  More Company Research Source: Fortune
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
the third quarter, approximately 60% of those new customers came from households earning more than $100,000 a year .? ? The trend underscores a deepening split in the American economy. While cumulative inflation has pushed prices up roughly 25% since 2020, wage growth has not kept pace for most households, leaving consumers across the income spectrum hunting for deals. ? “Higher income households are trading into Dollar Tree, lower-income households are depending on us more than ever,” Dollar Tree CEO Michael Creedon Jr. told analysts on Wednesday . The Virginia-based chain, where 85% of sales during the quarter were priced at $2 or less, reported same-store sales growth of 4.2%.? Dollar General , the nation's largest dollar-store chain with nearly 21,000 locations, reported similar dynamics in its own earnings report this week. CEO Todd Vasos noted “disproportionate growth coming from higher-income households” in the third quarter, as same-store sales rose 2.5% on a 2.5% increa [Read more]
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Stockreport

Rich people are flooding dollar stores as Americans navigate a crushing affordability crisis [Fortune]

Dollar Tree, Inc.  (DLTR) 
More Company Research Source: Fortune
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
the third quarter, approximately 60% of those new customers came from households earning more than $100,000 a year .? ? The trend underscores a deepening split in the American economy. While cumulative inflation has pushed prices up roughly 25% since 2020, wage growth has not kept pace for most households, leaving consumers across the income spectrum hunting for deals. ? “Higher income households are trading into Dollar Tree, lower-income households are depending on us more than ever,” Dollar Tree CEO Michael Creedon Jr. told analysts on Wednesday . The Virginia-based chain, where 85% of sales during the quarter were priced at $2 or less, reported same-store sales growth of 4.2%.? Dollar General , the nation's largest dollar-store chain with nearly 21,000 locations, reported similar dynamics in its own earnings report this week. CEO Todd Vasos noted “disproportionate growth coming from higher-income households” in the third quarter, as same-store sales rose 2.5% on a 2.5% increa [Read more]
IMPACT SNAPSHOT
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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