Consumer Cos Up After Dollar Tree, Best Buy Earnings - Consumer Roundup

Dow Jones

May 29

Consumer companies rose after surprisingly strong earnings from some stores and a drop in oil prices.

Dollar Tree rallied after the deep discounter posted a 7% increase in quarterly revenue to $4.98 billion.

The chain has historically gained relevance and outperformed competitors when operating amid a tough macroeconomic environment, Dollar Tree Chief Executive Mike Creedon said. Other deep discounters such as Dollar General rose in sympathy.

Best Buy shares surged after the electronics chain reported a higher profit and rising sales in the first quarter, boosted by strong gaming, computer and cellphone demand, as the company prepares to bring in a new chief executive.

Real-estate billionaire Tilman Fertitta struck a deal to buy iconic Las Vegas casino chain Caesars Entertainment for about $5.7 billion.

The Federal Reserve's preferred gauge of monthly price increases, personal-consumption expenditures price index climbed by 0.4% in April, as the Iran war drove up energy costs.

London-based consumer-products giant Unilever is planning to spend $270 million on an innovation center in New Haven, Conn., with plans to develop skin and hair products for the U.S. market and global customers.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 28, 2026 16:47 ET (20:47 GMT)

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