Dollar Tree beats quarterly sales estimates

Reuters

Published Aug 27, 2020 08:01AM ET

(Reuters) - Dollar Tree Inc (O:DLTR) beat quarterly sales expectations on Thursday, as the discount retailer benefited from higher demand for affordable groceries and other essentials due to the COVID-19 pandemic.

Net sales rose 9.4% to $6.28 billion in the second quarter ended Aug. 1, beating analysts' average estimate of $6.22 billion, according to IBES data from Refinitiv.