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Dollar Tree quarterly same-store sales grow most since 2011
November 20, 2014 / 12:56 PM / 3 years ago

Dollar Tree quarterly same-store sales grow most since 2011

Nov 20 (Reuters) - Discount retailer Dollar Tree Inc reported its strongest growth in quarterly same-store sales since 2011.

Dollar Tree’s net income rose 6 percent to $133 million, or 64 cents per share, in the third quarter ended Nov. 1.

Net sales rose 11 percent to $2.1 billion.

Same store sales grew 5.9 percent.

Dollar Tree has agreed to buy Family Dollar Inc but the deal is facing a challenge from Dollar General Corp, the No. 1 U.S. discount chain. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

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