Dollar Tree cuts full-year earnings forecast By Reuters
© Reuters. FILE PHOTO: A Dollar Tree sign is seen outside the store in Washington, U.S., June 1, 2021. REUTERS/Erin Scott
(Reuters) – Dollar Tree Inc (NASDAQ:) cut its full-year profit forecast on Thursday as the discount retailer joined rival Dollar General Corp (NYSE:) in flagging that surging supply chain costs were pinching its margins.
The company said it now expects fiscal 2021 earnings per share of $5.40 to $5.60, compared with its prior forecast of $5.80 to $6.05.
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