March 16 (Reuters) - Discount retailer Dollar Tree ( DLTR )
forecast annual sales largely below expectations on
Monday, as budget-conscious consumers tightened spending.
Shares of the company were down 3% 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 ( DG ) similarly forecastsoft full-year
sales last week, signaling weaker demand as value-seeking
shoppers grow more selective.
Dollar Tree ( DLTR ) 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.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Devika
Syamnath)