Dollar Tree Forecasts Soft Annual Sales as Spending Tightens

Reuters03-16 19:05

March 16 (Reuters) - Discount retailer Dollar Tree forecast ‌annual sales largely below expectations on Monday, as budget-conscious consumers tightened spending.

Shares of the ​company were down 1.8% in ​premarket trading.

Shoppers in the U.S. are navigating increasing ⁠costs of living and signs ​of deteriorating labor market conditions.

The U.S. unemployment rate ​rose 4.4% in February, from 4.3% in January. Consumer prices also likely accelerated in February, fueled ​by tariffs and a rise in ​the costs of gasoline and oil due to ‌tensions ⁠in the Middle East.

Rival Dollar General similarly forecast read more soft full-year sales last week, signaling weaker demand as value-seeking shoppers grow more selective.

Dollar Tree expects ​fiscal 2026 ​net ⁠sales in the range of $20.5 billion to $20.7 billion, compared with ​analysts' estimates of $20.69 billion, per ​data ⁠compiled by LSEG.

The company expects fiscal 2026 adjusted earnings per share in the ⁠range ​of $6.50 to $6.90, largely in ​line with analysts' estimates of $6.69.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment