Thursday, August 30, 2018

Dollar Tree Q2 falls a bit short

Chain Store Age
Dollar Tree narrowly missed earnings estimates for the second quarter as it continues to work to turnaround its Family Dollar business.

Sales rose 4.6% to $5.53 billion from $5.28 billion. Same-store sales rose 1.8%, in line with estimates. Same-store sales were flat at Family Dollar and rose 3.7% at Dollar Tree, the banner’s fifth consecutive quarter of same-store sales growth exceeding 3.5%. . . . more