Dollar Tree Slashes Full-Year Outlook, Shares Fall as Discount Retailer Faces  Higher Costs and Weak Sales

Dollar Tree shares fell in premarket trading after the company lowered its full-year outlook. The retailer expects lower sales and earnings compared to previous projections. Chief Financial Officer Jeff Davis attributed the change to weaker sales, legal costs, and expenses from converting stores. Same-store sales slightly increased, but Family Dollar experienced a small decline. Dollar Tree's shares have dropped significantly this year, reaching a new low on Tuesday.