March 1, 2017 / 12:39 PM / 5 months ago

Dollar Tree's sales rise 5 pct

1 Min Read

March 1 (Reuters) - Dollar Tree Inc, the biggest U.S. dollar-store chain, reported a 5 percent rise in quarterly net sales on Wednesday, as more customers visited its stores and also spent more on average.

Net income rose to $321.8 million, or $1.36 per share, in the fourth quarter ended Jan. 28, from $229 million, or 97 cents per share, a year earlier.

Net sales increased to $5.64 billion from $5.37 billion. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sai Sachin Ravikumar)

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