Dollar Tree (DLTR) stock sank on Thursday after posting a weaker-than-expected forecast and a decline in gross margins. Petco (WOOF) shares drop after the company slashed its full-year guidance. Michael Lasser, UBS US Hardline & Broadline and Food Retail Analyst, joins Yahoo Finance Live to discuss these recent retail results, the state of the consumer, and concerns about shrink.
Regarding consumer shrink, Lasser said, "The retail sector has been through a tremendous amount of volatility between supply chain challenges, inflation, a very tight labor market. All of those have contributed to the shrink issue in one way or another."
