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Dollar Tree Cuts FY21 Guidance, Stock Down; Dollar General Posts Lower Q2 Profit

Dollar Tree, Inc. (DLTR) reported a year-over-year increase of 11.8% in its second quarter earnings per share. However, the company reduced its fiscal 2021 earnings guidance due to additional freight costs since the previous guidance.

Dollar General Corp. (DG) recorded a year-on-year decline of 13.8% in its second quarter earnings per share. Same-store sales were down 4.7%, for the quarter. The company updated its fiscal 2021 financial guidance despite an expected increase in transportation and distribution costs for the remainder of fiscal 2021.

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by RTTNews Staff Writer

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