The company said diluted earnings for the three months ending on November 2 came in at $1.39 per share, up 28.7% from the same period last year and 23 cents ahead of the Street consensus forecast. Group revenues, Dollar Tree said, rose 7.5% to $6.18 billion, fractionally ahead of analysts' estimates.
Same-store sales rose by a better-than-expected 4%, Dollar Tree said, with comparable sales at Family Dollar rising 6.4%.
“I am incredibly proud of our team’s efforts to continue serving customers effectively, while driving operational improvements in both banners through this dynamic retail environment,” said CEO Mike Witynski. “Dollar Tree delivered its strongest same-store sales performance in the past ten quarters, along with a 50 basis point improvement in operating margin."