Dollar Tree Cuts Full-Year Profit Forecast

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Dollar Tree Cuts Full-Year Profit Forecast

Reuters2022-08-25

Aug 25 (Reuters) - Dollar Tree Inc trimmed its full-year profit forecast on Thursday, blaming planned price cuts at its Family Dollar line of stores in an effort to spur demand.

The discount retailer projected fiscal 2022 profit between $7.10 and $7.40 per share, compared with $7.80 to $8.20 per share estimated previously.

Dollar Tree shares plunged 9% in premarket trading.

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SteadyDoesIt
·2022-08-25
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