may up its prices in some areas because of theft, according to the discount retailer’s CFO.
"While we modestly raised the midpoint of our topline guidance, we are incrementally more cautious on our margin outlook given the growing industry-wide challenges of accelerating shrink, the unfavorable shift in sales mix and their impact on our near term profitability," Davis said on the call. "Since the beginning of the fiscal year, the impact of these two factors on our financial results has intensified.
CEO Rick Dreiling told listeners that he believed the consumables shift and shrink impact would be temporary.
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