Dollar Tree beats sales estimates

imageStock Markets10 minutes ago (May 27, 2021 07:40AM ET)

(C) Reuters. FILE PHOTO: A customer walks out of a Dollar Tree discount store in Austin, Texas, U.S., February 27, 2017. REUTERS/Mohammad Khursheed/File Photo/File Photo

(Reuters) – Dollar Tree Inc (NASDAQ:DLTR) beat analysts’ estimates for quarterly sales on Thursday, as the discount store operator benefited from higher demand for low-priced goods from cost-conscious shoppers.

The company’s net sales rose to $6.48 billion in the first quarter from $6.29 billion a year earlier, beating estimates of $6.42 billion, according to IBES data from Refinitiv.

Dollar Tree beats sales estimates

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