May 31, 2018 / 11:36 AM / 3 months ago

Dollar Tree quarterly same-store sales miss estimates

May 31 (Reuters) - Discount store operator Dollar Tree Inc on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather.

Sales at established stores open for more than a year rose 1.4 percent, lower than the average analysts’ estimate of 2.19 percent, according to Thomson Reuters I/B/E/S.

Net income fell to $160.5 million, or 67 cents per share, in the first quarter ended May 5, from $200.5 million, or 85 cents per share, a year earlier. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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