It now expects fiscal 2021 earnings per share (EPS) of $9.60 to $10.20, below analysts' average estimate of $10.24, according to IBES data from Refinitiv.ĭollar Tree expects 2021 EPS of $5.40 to $5.60, compared with its prior forecast of $5.80 to $6.05. Meanwhile, Dollar General said higher transportation costs significantly contributed to an 80 basis point decline in its second-quarter gross profit margin and it fears a bigger jump in supply chain costs in the second half of the year than expected. "The Dollar Tree banner imports more containers per $100 million in sales than other large retailers, and combined with our low $1 price point, we have an outsized impact from freight costs," Chief Executive Officer Michael Witynski said on a call. Posted on by Arturo Garcia Claim Workers at a Dollar General in Eliot, Maine resigned and urged other workers to take up a general strike. Leading international shipping groups have warned clients of delays after a container port in China's eastern marine hub at Ningbo slowed processing partly due to stricter disinfection measures under the country's "zero-tolerance" coronavirus policy. Dollar General shopping carts are seen outside a store in Mount Rainier, Maryland, U.S., June 1, 2021.
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