Family Dollar Sales Growth Offsets a Weak Spring for Dollar Tree
Business was good for essential retailers that stayed open during maximum COVID-19 social distancing efforts. But growth wasn't guaranteed. On Thursday, Dollar Tree (NASDAQ: DLTR) announced mixed results that demonstrated that challenge.
Sales jumped 15.5% in its Family Dollar business, but fell 1% across Dollar Tree locations. Those trends left overall comparable-store sales gains at 7%, or well below the 22% spike that Dollar General reported for the same period.
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Source Fool.com
