Dollar Tree sees weak 2023 profit as costs mount, shoppers curb spending


Dollar Tree Inc (DLTR) forecast annual profit well below estimates on Wednesday, as the discount store operator battles higher wages and freight costs while consumers cut back on discretionary items.

“The new management team is trying to reset the bar and tell the investment community they need to invest in the business to enhance infrastructure and make it a better, more profitable business over time,” Telsey Advisory Group analyst Joseph Feldman said.

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