Why Dollar Tree, Inc. Stock Jumped 10.5% in August

Why Dollar Tree, Inc. Stock Jumped 10.5% in August

Shares of Dollar Tree Inc. (NASDAQ: DLTR) jumped 10.5% in August, according to data from S&P Global Market Intelligence, after the single price-point retailer released impressive second-quarter results.

Nearly all of Dollar Tree's pop last month occurred on Aug. 24, the first trading day after it announced that second-quarter revenue had increased 5.7% to $5.28 billion, including 2.4% same-store sales growth. Net income per share fared even better, rising 36.1% to $0.98. Both figures were well above consensus expectations, which called for revenue of $5.24 billion and earnings of $0.87 per share.

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Source: Fool.com