Dollar Tree forecasts weak second-quarter profit
June 4 (Reuters) - Discount store operator Dollar Tree (DLTR.O), opens new tab forecast its second-quarter adjusted profit to be down as much as 50% compared with a year ago, accounting for volatility caused due to changing tariffs, sending its shares about 4% lower in premarket trading.
Dollar Tree, which is selling its less profitable Family Dollar banner for $1 billion to a group of private equity investors, said the company's earnings would re-accelerate in the second half of the year.
The company raised its annual profit forecast on Wednesday, benefiting from lower freight costs and resilient demand for affordable essentials.
Dollar Tree now expects fiscal 2025 adjusted earnings per share to be in the range of $5.15 to $5.65, compared with its prior forecast of $5.00 to $5.50.
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