Dollar Tree quarterly same-store sales at namesake brand miss estimates
Reuters
Published May 30, 2019 07:45AM ET
Dollar Tree quarterly same-store sales at namesake brand miss estimates
(Reuters) - Dollar Tree Inc (O:DLTR) on Thursday reported quarterly same-store sales at its namesake stores that missed analysts' estimates, sending its shares down 4%.
The company reported a 2.5% rise in same-store sales at its Dollar Tree stores in the first quarter ended May 4. Analysts on average had expected 2.9% increase, according to IBES data from Refinitiv.
Net income rose to $267.9 million, or $1.12 per share, in the quarter from $160.5 million, or 67 cents per share, a year earlier.
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Written By: Reuters
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