Shares of Dollar Tree Inc fell 8% in premarket trading as the retailer cut revenue estimates for the year and gave lower profit estimates.
Dollar Tree reported second-quarter sales of $6.77 billion, up from $6.34 billion a year ago, slightly below estimates of $6.79 billion.
Dolla Tree earned $1.60 per share and net income of $359.9 million, up from $1.23 earnings and $282.4 million in profit a year ago
Analysts had expected $1.60 per share.
Comparable sales rose 4.9% year over year, marginally missing estimates for 5%.
The company also cut estimates for revenue for the year to $27.85 billion to $28.1 billion, down from estimates of $28.1 billion.
The company now expects full-year earnings of $7.10-$7.40 per share, versus estimates of $8.17.
Source: Capital
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