Dollar Tree to Expand Higher Price Points Concept After Solid Q3 Results
Despite being perfectly positioned to capture consumer concerns during the pandemic, Dollar Tree (NASDAQ: DLTR) instead posted faltering results that lagged its deep discount rivals. That changed in the third quarter as the owner of the Family Dollar chain and its namesake stores generated solid sales and profits.
The retailer said revenue rose 7.5% to $6.2 billion and earnings jumped 29% to $1.39 as both the Dollar Tree and Family Dollar chains saw comparable-store sales rise for a combined gain of 5.1%.
Image source: Getty Images.
Source Fool.com
