Tuesday, November 22, 2016

Dollar Tree's profit beats estimates as merchandise costs fall

A man enters a Dollar Tree discount store in Garden City, New York, U.S., May 23, 2016.  REUTERS/Shannon StapletonDollar Tree Inc, the biggest U.S. dollar-store chain after its acquisition of Family Dollar in 2015, reported a better-than-expected quarterly profit on Tuesday, helped by lower merchandise costs and freight expenses. 

Dollar Tree's sales at stores open more than a year rose 1.7 percent in constant-currency terms, beating the 1.4 percent rise expected by analysts polled by researcher Consensus Metrix.. . . more

No comments: