Dollar Tree is attracting more higher-income customers, according to CNBC. CEO Michael Creedon cited value-seeking behavior across all income groups amid persistent inflation. The discount retailer said it may raise some prices to offset tariffs imposed by Trump on goods from China, Mexico, and Canada. The discount retailer expects higher net sales, same-store sales growth, and increased adjusted earnings for fiscal year 2025.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Dollar Tree is attracting more higher income customers, according to CNBC.
00:06CEO Michael Creeden cited value-seeking behavior across all income groups amid persistent inflation.
00:11Discount retailers said it may raise some prices to offset tariffs imposed by President Trump
00:16on goods from China, Mexico, and Canada.
00:18Discount retailers expect higher net sales,
00:20same-store sales growth, and increased adjusted earnings for fiscal year 2025.
00:25For all things money, visit Benzinga.com slash GSTV.
00:30you