For more expert insight and the latest market action, clickVideo TranscriptThey are slipping after disclosing it is exploring a potential sale or spin off of family dollar as the company struggles to counter weaker demand.The company also saying it will close an additional 150 family dollar locations by the end of 2024.Pre market down by about 1.9% here and the company as they've released this news.
And the story behind a company like this, as you talk about so much on your show wealth, Brad, is that this could be a sign of a consumer segment in this economy that is really starting to crack under the economic conditions. Now, just because that might be a lower income consumer, we may not be seeing it in the broader economic data that we break all the time.But these earnings give you a really good insight into which of the economy are starting to crack.From the stock perspective, we are getting some analysts notes in bullish investors according to vital knowledge, pointing to decent and margin performance in Q one for this name here.
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