November 26, 2019 / 12:44 PM / 13 days ago

Dollar Tree quarterly sales beat expectations

Nov 26 (Reuters) - Discount store operator Dollar Tree Inc reported better-than-expected quarterly sales on Tuesday, as revamped stores and new products drew more shoppers to its namesake and the Family Dollar chain.

Net sales rose 3.7% to $5.75 billion, above analysts’ average estimate of $5.74 billion, according to IBES data from Refinitiv.

Same-store sales rose 2.50% in the third quarter ended Nov. 2, slightly falling short of the average analyst estimate of 2.54%. (Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel)

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