Sat. Oct 16th, 2021

© Reuters. FILE PHOTO: A Dollar Tree sign is seen in the store in Washington, USA, on June 1, 2021. REUTERS / Erin Scott

(Reuters) – Dollar Tree Inc. (NASDAQ 🙂 on Thursday cut year-round earnings forecast as discount retailer joined rival Dollar General Corp. (NYSE 🙂 pointing out that rising supply chain costs were narrowing their margins.

The company said it now expects 2021 share earnings per share from $ 5.40 to $ 5.60, compared to its previous forecast of $ 5.80 to $ 6.05.

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