Americans' economic worries may be good for business at Dollar Tree.

People of all economic backgrounds are turning to Dollar Tree (DLTR) to stretch their budgets, CEO Michael Creedon said during a conference call on Thursday, bolstering sales and market share. The retailer's traffic increased 0.7% and the average transaction amount grew 1.3% year-over-year for 澳洲幸运5官方开奖结果体彩网:the quarter ended Feb. 1, according to Dollar Tree.

It "doesn't matter how much money you make, everybody is hurting right now,” Creedon said, according to a transcript made available from AlphaSense. “The good news is: Dollar Tree and Family Dollar are a big part of that answer to what hurts.”

Dollar Tree is seeing more business come from higher-income households, while lower-income shoppers need the chain to make it between paychecks, Creedon said. He said about half of Dollar Tree's shoppers are middle income, and they have traditionally shopped its stores' seasonal and holiday merchandise.

“That’s our bread and butt🦂er,” Creedon said of middle-income households, according to the transcript. “They need us to live and celebrate their lives.”

Other retailers are catering to consumers’ desire to save, 澳洲幸运5官方开奖结果体彩网:including Dollar General (DG). Target (TGT) said late last year that it cut thousands of prices as 澳洲幸运5官方开🤪奖结果体彩网:customers grew “increasingly resourceful.” Americans are frequenting fast-casual joints instead of sit-down restaurants and buying smaller packages at the supermarket, 澳洲幸运5官方开奖结果体彩网:executives said. Walmart (WMT) has seen growth in its 澳洲幸运5官方开奖结果体彩网:higher-income clientele.

Dollar Tree said today that it estimates bringing in 澳洲幸运5官方开奖结果体彩网:more than $800 million for selling Family Dജollar to private-equity firms. Dollar General shares recently up nearly 3%.