CHESAPEAKE, Va. — Dollar Tree generated 3.7% in same-store sales for its second quarter ended Aug. 3, beating analyst estimates, and recorded $1.9 billion in consolidated net sales, an 8.8% increase.
Shares of Dollar Tree closed Thursday at $53.13, 88 cents higher than the previous close.
"I am pleased with our second-quarter performance," stated Bob Sasser, Dollar Tree CEO. "Sales, customer traffic, average ticket, earnings and operating margin all continue to grow. Customers are responding in record numbers to our outstanding values in both discretionary and consumable merchandise categories. Our stores are well-stocked with a terrific merchandise presentation for back-to-school and the fall selling season."
Over the course of the second quarter, Dollar Tree opened 81 stores, expanded or relocated 32 stores, and closed 2 stores. Retail selling square footage increased 7% compared to a year ago, to 41.9 million square feet.
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