Dollar Tree trims annual sales forecast as customers spend less at its stores By Reuters

© Reuters. FILE PHOTO: The Dollar Tree sign is seen outside the store in Washington, U.S., June 1, 2021. REUTERS/Erin Scott/File Photo

(Reuters) – Dollar Tree (NASDAQ:) trimmed its full-year sales forecast on Wednesday, signaling that persistent inflation was weighing on demand for non-essential products at its stores.

The company said it now expects fiscal 2023 consolidated net sales to be between $30.5 billion and $30.7 billion, compared with a prior estimate of $30.6 billion to $30.9 billion.

Analysts on average expect a full-year revenue of $30.82 billion, according to LSEG data.

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