Dollar Tree Q1 Earnings Up on Margin Improvements

Cash-strapped consumers attracted by $1 merchandise helped Dollar Tree post a quarterly net income improvement of 14.4%, the discounter said Wednesday.

CHESAPEAKE, Va. — Cash-strapped consumers attracted by $1 merchandise helped Dollar Tree here post a quarterly net income improvement of 14.4%, the discounter said Wednesday. Earnings of $43.6 million for the first quarter that ended May 3 increased from $38.1 million in the same period a year ago as gross margins as a percentage of sales increased to 33.9% from 33.4% last year. Earlier this month, Dollar Tree said sales increased 7.5% to $1.05 billion, and comparable-store sales improved by

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