Dollar Tree Warns of Near-Term Tariff Pressure as Profit, Sales Rise

Dollar Tree remains optimistic about its long-term prospects, but tariffs will pressure the discount-retail chain in the near term.

"We expect our second-quarter profits to be meaningfully lower than last year in light of higher tariffs and other costs," Chief Financial Officer Stewart Glendinning said Wednesday on a call with analysts.

The company incurred about $70 million in additional costs during the period in which the Trump administration placed a 145% tariff on Chinese goods. These costs will run through the business during the...

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