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Dollar Tree cuts full-year earnings forecast

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(Reuters) – Dollar Tree Inc (NASDAQ:DLTR) cut its full-year profit forecast on Thursday as the discount retailer joined rival Dollar General Corp (NYSE:DG) 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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