Dollar Tree’s margins are under inflationary pressure
November 22, 2022
Dollar Tree now expects its full-year profits to be near the lower end of its previous forecast as the chain’s margins come under pressure due to rising costs. The retailer raised its sales forecast as it sees continued demand for the low-priced goods that it sells.
Recent News
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.
FTC Refunds Ring Customers $5.6 Million for Video Privacy Issues
The FTC is giving back $5.6 million to consumers due to a settlement with Ring, an Amazon-owned company. The issue arose when Ring failed to protect customers’ private video footage from unauthorized access.
Meta’s Investment Plans Rattle Investors
Mark Zuckerberg’s recent announcement about Meta’s spending plans left investors concerned.
Spotify Faces Disruptions After Layoffs
During Spotify’s recent earnings call, CEO Daniel Ek acknowledged that the company’s decision to lay off employees last December had a more substantial impact on operations than initially anticipated.