Dollar Tree (DLTR) trimmed its annual sales forecast on Wednesday after missing third-quarter estimates and said it was reviewing its Family Dollar business, as the retailer grapples with customers paring back on discretionary spending.
“There’s probably some more incremental pressure with the Family Dollar business,” said Telsey Advisory Group’s Joseph Feldman, adding there is more work to do at that banner given it has multiple price points in comparison to the core Dollar Tree business.
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