Sales Grow at Dollar Tree

Aggressive courting of bargain-focused shoppers drove strong quarterly sales for discounter Dollar Tree, but the retailer maintained a cautious outlook for the second half of the year. Dollar Tree reported net income of $37.6 million, or 42 cents per share, on sales of $1.1 billion for the quarter, which ended Aug. 2. Earnings improved by 27.3% over the same period a year ago,

CHESAPEAKE, Va. — Aggressive courting of bargain-focused shoppers drove strong quarterly sales for discounter Dollar Tree here, but the retailer maintained a cautious outlook for the second half of the year.

Dollar Tree reported net income of $37.6 million, or 42 cents per share, on sales of $1.1 billion for the quarter, which ended Aug. 2. Earnings improved by 27.3% over the same period a year ago, while sales were up by 12.5% and comps increased by 6.5%.

Bob Sasser, p

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