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Dollar Tree Sales, Earnings Rise in Q2

CHESAPEAKE, Va. — Dollar Tree here on Thursday said net earnings improved by 21.7% on an 11.9% gain in sales in the fiscal second quarter, which ended July 31. Comparable-store sales increased by 4.7% as shoppers rebounded following a slow post-Easter period, Bob Sasser, chief executive officer, said.

The company, which also operates Dollar Giant in Canada and the Deal$ chain of multi-price discount stores, said the pace of sales would likely slow in the third quarter as compared with last year, when comps improved by 8.7%.

For the quarter Dollar Tree earned $94.9 million on sales of $1.5 billion. Margins improved 10 basis points to 35.2% of sales.