Dollar Tree can't afford to sell eggs anymore.
The chain, which is one of the go-to grocery destination for shoppers, has nearly 8,000 Dollar Tree stores across the United States and Canada. It sells most of its products at a price point of $1.25, however some items go for $3 and $5.
"Our primary price point at Dollar Tree is $1.25. The cost of eggs is currently very high," company spokesperson Randy Guiler told CNN. Dollar Tree, which has around 9,000 US stores, will bring back eggs when "costs are more in line with historical levels."
Reuters reported that egg prices hit record highs of close to an average of $5 a dozen in January due to a global outbreak of the avian flu. According to data from the Bureau of Labor Statistics, egg costs jumped 38% for producers annually in February and 55% for shoppers, although they're beginning to get cheaper. The average price for a dozen Grade A large eggs was $4.21 in February.
Family Dollar, which is owned by Dollar Tree, will continue to sell eggs.
