The discount retailer said tariffs slapped on Chinese goods will hit earnings by 6 cents in the fourth quarter.
Dollar Tree said tariffs slapped on Chinese goods will hit earnings by 6 cents in the fourth quarter.
In addition to the disappointing guidance, Dollar Tree missed Wall Street's expectations for its third quarter earnings.just signaled for a disappointing holiday earnings quarter thanks to U.S.-China trade war tariffs, sending shares cratering on Tuesday. The company now sees fourth quarter earnings per share in a range between $1.70 and $1.80. This is well below analysts expectations of $2.02 per share, according to Refinitiv.
"The decrease from prior implied fourth quarter guidance represents the expected effects of...the continued uncertainty regarding trade and the related tariffs," the company said in a release.
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