11:56 am Dollar Tree Stock Blooms after Impressive Q3 Earnings Report
Discount retailer Dollar Tree Stores (DLTR 65.94, +3.31) has gotten a premium boost today after the company reported better than expected third quarter results and issued reassuring guidance.
For the third quarter ended November 1, Dollar Tree posted an 11.2% increase in consolidated net sales to $2.10 billion and a 5.9% jump in comparable store sales. The latter was the retailer's strongest showing since 2011 and marked its 27th consecutive quarter of positive same-store sales.
Gross margins contracted by …More