Dollar Tree trimmed its full-year sales forecast on Wednesday, signaling that persistent inflation was weighing on demand for non-essential products at its stores.

The company said it now expects fiscal 2023 consolidated net sales to be between $30.5 billion and $30.7 billion, compared with a prior estimate of $30.6 billion to $30.9 billion.

Analysts on average expect a full-year revenue of $30.82 billion, according to LSEG data.

(Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri)