Clearance drives 3Q sales growth for Dollar Tree

Clearance drives 3Q sales growth for Dollar Tree

A red-tag sale designed to empty Family Dollar stores of slow-moving and nonproductive items helped to drive higher quarterly revenues and speed an ongoing effort to clean up the acquired units while pressuring earnings, parent company Dollar Tree said Tuesday.

Reporting a full quarter of results including Family Dollar sales for the first time, Dollar Tree said sales soared by 136% to $4.95 billion, with comparable-store sales increasing by 2.1%, or 1.7% when adjusted for Canad

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