Seasonal Sales Boost Dollar Tree Q1

Buoyed by strong performance at Valentine’s Day and Easter, Dollar Tree saw comparable-store sales increase by 6.5% in the first quarter, the company reported Thursday.

CHESAPEAKE, Va. — Buoyed by strong performance at Valentine’s Day and Easter, Dollar Tree saw comparable-store sales increase by 6.5% in the first quarter, the company reported Thursday.

The variety chain offering everything for $1 or less said overall sales for the period ending May 1 improved 12.6% to $1.35 billion, and net earnings increased 4.7% to $63.6 million. Earnings were affected by a $26.3 million inventory charge.

Bob Sasser, chief executive officer, in a co

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