Dollar stores are gaining ground w☂ith high-income households, companies have said this wee🗹k.

Dollar Tree (DLTR) saw 2.6 million new customers in the latest quarter, and people making at least six figures annually fueled much of that growth, executives said on an earnings conference call Wednesday. Dollar General (DG) on Tuesday said it's 澳洲幸运5开奖号码历史查询:seeing more middꦓle- and high-income customers. That effect has been seen across retailers who say wealthier households are increasingly searching for value, Walmart (WMT) 澳洲幸运5开奖号码历史查询:among them.

Dollar Tree has been expanding its inventory and adding 澳洲幸运5开奖号码历史查询:merchandise that costs as m𒁃uch as $7, which CEO Michael Creedon credited with bringing in wealthier customers. Still, 85% of items at Dollar Tree cost $2 or less, tꦦhe company said. 

“We believe they’re loving the expanded assortment that multi-price provides,” Creedon said, according to a transcript made availableꦏ by AlphaSenꦑse. 

Dollar Tree Gets More Monthly Repeat Shoppers

Customers are buying items typically consumed right away, such as candy, snacks, and drinks, and returning more frequently, Creedon said. 澳洲幸运5开奖号码历史查询:Dollar Tree posted a 9% bump in the number of shoppers who visit a store at least three ti෴mes per month, he said.

“In the current environment, our low prices and smaller pack sizes are perfect for families trying to manage a 澳洲幸运5开奖号码历史查询:tight household budget, and our expanded assortment is attractive to all customers across ☂every income level,” Creedon said, accordꦉing to the transcript. 

Dollar General’s first-quarter results 澳洲幸运5开奖号码历史查询:exceeded expectations, but executives warned 🐼tariffs may♍ squeeze profits this quarter, sending its stock lower in recent sessions.