Dollar Tree announced it pulled eggs from shelves over price increases. Eggs are set to return to Dollar Tree locations when 'costs are more in line with historical levels.'
FOX Business’ Lydia Hu joined ‘Varney & Co.’ to report on how farmers are combating the rising prices of eggs in America.Egg prices have increased by as much as 60% in the last year, prompting the popular discount store to pull eggs over not being able to make a profit, Reuters reported. The majority of merchandise at Dollar Tree sits at $1.25, though the store also has other items for $3 and $5.
"Our primary price point at Dollar Tree is $1.25. The cost of eggs is currently very high," company spokesperson Randy Guiler said, according to the Washington Examiner. Despite the eggs getting pulled, they will likely return to shelves when "costs are more in line with historical levels." Egg shelves are seen with a note apologizing to customers for the price increase in San Mateo, California, on Jan.23, 2023.Consumer egg prices saw a slight dip last month, but still reported a 55% increase in the one-year span from the same month the prior year.A dozen large Grade A eggs cost an average of $4.21 in February, down from January’s $4.82 average, according to data from the Federal Reserve Bank of St. Louis.
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Dollar Tree can't afford to sell eggs anymoreDollar Tree, which sells most products for $1.25 and a small selection of items for $3 or $5, will stop selling eggs at stores because the company can't make money offering them at flat prices.
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Dollar Tree can't afford to sell eggs anymoreDollar Tree, which sells most products for $1.25 and a small selection of items for $3 or $5, will stop selling eggs at stores because the company can't make money offering them at flat prices.
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Dollar Tree can't afford to sell eggs anymoreDollar Tree, which sells most products for $1.25 and a small selection of items for $3 or $5, will stop selling eggs at stores because the company can't make money offering them at flat prices.
Read more »