Dollar Tree raises annual sales outlook

Indicators for meals and cleansing provides are seen in a Greenback Tree retailer in Mount Rainier, Maryland, U.S. June 1, 2021. REUTERS/Erin Scott

Might 26 (Reuters) – Greenback Tree Inc (DLTR.O) elevated its gross sales forecast for the yr on Thursday benefiting from extra Individuals turning to low cost shops as document excessive inflation depletes their spending energy.

The low cost retailer chain forecast fiscal 2022 web gross sales to be within the vary of $27.76 billion to $28.14 billion, in contrast with its prior forecast of $27.22 billion to $27.85 billion. Analysts on common anticipate $27.95 billion, in accordance with IBES information from Refinitiv.

Reporting by Praveen Paramasivam in Bengaluru; Enhancing by Shinjini Ganguli

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