Dollar Tree stops selling eggs while it waits for prices to cool off further
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Dollar Tree Inc. (NASDAQ:DLTR) has stopped selling eggs in its Dollar Tree stores until at least later this year, according to a spokesperson for the retailer. Some Family Dollar brand stores will still sell eggs.
The decision followed a blistering run higher in egg prices to a record high of $5 per dozen in January. However, per the February consumer price index report, egg fell 6.7% in February. Before that, egg prices had jumped over 70.1% from January 2022 to January 2023, bookended by an 8.5% rise from December 2022 into January. The notable drop in February is the first sign of cooling for the index in quite some time.
For its part, Dollar Tree (DLTR) has made significant investments in its refrigerated and frozen food and beverage offerings with consumers in an increasingly value-seeking mode.
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