Dollar Tree's quarterly same-store sales miss estimates, shares fall

Dollar Tree's quarterly same-store sales miss estimates, shares fall

FILE PHOTO: A shopping cart is seen inside a Dollar Tree discount store in Garden City, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton/File Photo
REUTERS: Discount store operator Dollar Tree Inc reported holiday quarter same-store sales that missed analysts' estimates on Wednesday, sending its shares down as much as 13 percent in premarket trade.Sales at established stores rose 2.4 percent, lower than the average analyst estimate of 2.73 percent, according to Thomson Reuters I/B/E/S.Net income rose to US$1.04 billion, or US$4.37 per share, in the fourth quarter ended Feb. 3, from US$321.8 million, or US$1.36 per share, a year earlier.Net sales rose to US$6.36 billion from US$5.64 billion.(Reporting by Nivedita Balu in Bengaluru)
Source: Reuters
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