No. of Recommendations: 1
DLTR last quarter: 'While we are maintaining our full-year 2023 sales outlook, we are adjusting our EPS outlook as we expect the elevated shrink"
https://www.pymnts.com/earnings/2023/dollar-tree-l...---
DLTR current quarter: elevated shrinkage - see slide 7
https://corporate.dollartree.com/_assets/_a84ca29b...---
Foot Locker, Kohl's, Dick's Sporting Goods, Home Depot, Walmart, Target:
https://www.ft.com/content/316005a1-1796-43f2-9573..."Foot Locker has warned that elevated levels of theft will continue to weigh on its results for the remainder of the year, with the US sneaker store chain among retailers to this month flag the problem as they continue to grapple with a broader slowdown in consumer spending on discretionary items."
"In the past week, several US companies including discount retailer Kohl's, Foot Locker, Dick's Sporting Goods, Home Depot, Walmart and Target have raised the issue of or fielded analysts' questions on shrink."