The price of eggs is so high that Dollar Tree pulls them completely from the shelves
Dollar Tree pulled eggs from store shelves as prices soared, the company said.
Egg prices have risen 60% over the past year, prompting the popular discount store to withdraw eggs without being able to make a profit, Reuters reported.
The majority of merchandise at Dollar Tree sits at $1.25, though the store also offers other items for $3 and $5.
“Our main price at Dollar Tree is $1.25. The cost of eggs is currently very high,” company spokesman Randy Guiler said, according to the Washington Examiner.
Although the eggs are pulled, they will likely return to shelves when “costs are more in line with historic levels.”
Dollar Tree operates approximately 8,000 locations in the United States and Canada.
Consumer egg prices dipped slightly last month, but still registered a 55% increase year-on-year compared to the same month a year earlier.
A dozen large Grade A eggs cost an average of $4.21 in February, down from $4.82 in January, according to data from the Federal Reserve Bank of St. Louis.
As Easter approaches, prices could rise further.
Dollar Tree prices the majority of its merchandise at around $1.25, which is well below the rising price of eggs.REUTERS/Erin Scott/File Photo
“Wholesale prices continue to rise, indicating that retail egg prices have not peaked. The faltering 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. “USDA’s January Egg Report showed prices were flat or slightly lower than December, but annual egg prices often peak each spring due to egg hunts and holiday cooking. Easter.”
Dollar Tree did not immediately respond to Fox News Digital’s request for comment.
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