Dollar Tree Faces Challenges Amid Economic Pressures

Dollar Tree's stock drops following Q2 earnings miss attributed to macro pressures. Revenue slightly up but falls short of estimates.

CEO acknowledges impact on customer behavior. Shift to higher-priced items to attract wealthier shoppers while core base weak.

Reduced sales and profit outlook for fiscal 2024. Stock tumbles nearly 10%. Inflation and interest rates contribute to lower projections.

Analysts lower price targets and ratings due to concerns over profitability and competition. Dollar stores struggle as consumer needs overshadow wants.

Dollar Tree attracts higher-income customers but faces challenges. Despite attracting new shoppers, core lower-income base remains weak.

Stock plunges after missing revenue, cutting full-year guidance.