Dollar Tree has pulled eggs from store shelves over prices skyrocketing, the corporate said.
Egg prices have increased by as much as 60% within the last yr, prompting the favored discount store to tug eggs over not with the ability to make a profit, Reuters reported.
Nearly all of merchandise at Dollar Tree sits at $1.25, though the shop also has other items for $3 and $5.
“Our primary price point at Dollar Tree is $1.25. The fee of eggs is currently very high,” company spokesperson Randy Guiler said, in line with the Washington Examiner.
Despite the eggs getting pulled, they may likely return to shelves when “costs are more in keeping with historical levels.”
Dollar Tree operates about 8,000 locations across the US and Canada.
Consumer egg prices saw a slight dip last month, but still reported a 55% increase within the one-year span from the identical month the prior yr.
A dozen large Grade A eggs cost a mean of $4.21 in February, down from January’s $4.82 average, in line with data from the Federal Reserve Bank of St. Louis.
With Easter approaching, prices could increase again.
Dollar Tree prices nearly all of its merchandise at about $1.25 — much lower than the rising price of eggs.REUTERS/Erin Scott/File Photo
“Wholesale prices proceed to rise, which indicates retail egg prices haven’t peaked. The teetering flock numbers couldn’t come at a worse time for consumers,” David Anderson, Texas A&M University AgriLife Extension, Bryan-College Station, told the Poultry Times. “The January USDA egg report showed prices were regular to barely lower than December, but yearly prices for eggs often peaks each spring because of Easter holiday egg hunts and baking.”
Dollar Tree didn’t immediately reply to Fox News Digital’s request for comment.
