FILE - In this May 26, 2016, file photo, a shopper searches her purse outside a Dollar Tree store in Encinitas, Calif. Dollar Tree Inc. on Tuesday, Nov. 26, 2019, reported fiscal third-quarter profit of $255.8 million.
(AP Photo/Lenny Ignelzi, File)CHESAPEAKE, VA – Dollar Tree reported weak third quarter profits and trimmed its full-year guidance citing higher tariffs.
Dollar Tree said if fully implemented, the tariffs will increase their costs by $19 million in the fourth quarter, or 6 cents per share.
Dollar Tree is also still working to integrate its Family Dollar businesses, acquired in 2015 for almost $9 billion.
Even with the sharp decline Tuesday, Dollar Tree shares are still up about 12% in the last 12 months.