Thursday, May 31, 2018

Dollar Tree disappoints

Chain Store Age
Dollar Tree joined Dollar General on Thursday in blaming bad weather for coming up short in its first quarter.

Net income decreased to $160.5 million and earnings per share was $0.67 in the quarter ended, compared to $0.85 in the prior year’s quarter.

Total same-store sales increased 1.4%, missing analysts’ expectations. Same-store sales increased 4.0% at Dollar Tree. Comp sales fell 1.1% at Family Dollar.. . . more