for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Dollar Tree beats quarterly sales estimates

Aug 27 (Reuters) - Dollar Tree Inc beat quarterly sales expectations on Thursday, as the discount retailer benefited from higher demand for affordable groceries and other essentials due to the COVID-19 pandemic.

Net sales rose 9.4% to $6.28 billion in the second quarter ended Aug. 1, beating analysts’ average estimate of $6.22 billion, according to IBES data from Refinitiv.

Overall same-store sales rose 7.2% in the quarter. Larger Rival Dollar General Corp reported an 18.8% rise earlier on Thursday. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up