Dollar Tree cuts full-year earnings forecast
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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 cut its full-year profit forecast on Thursday as the discount retailer joined rival Dollar General Corp 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.
(Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty)
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