Dollar stores disastrous earnings send ominous signal about U.S. economy, consumers
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Declining earnings from Dollar Tree and Dollar General signal potential recession; shares of both companies have plummeted; Dollar General CEO Todd Vasos notes middle and higher income households feel less pressure than low-income households; analysts Michael Montani and Greg Melich highlight headwinds for low to middle income consumers; Scott Shellady states consumers are 'tapped out' financially; Federal Reserve Bank of Dallas reports modest growth in dinner sausage sales as a sign of economic weakness; food manufacturer prepares for recession; Dollar Tree's shares fell after revising annual outlook due to pressure on lower- and middle-income customers.
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https://dallasexpress.com/business-markets/struggling-dollar-stores-signal-bad-news-for-u-s-economy/
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