Dollar Tree, Inc. (NASDAQ:DLTR) stock rose sharply Thursday after the discount retailer reported first-quarter results that topped Wall Street expectations.
Quarterly Results Beat Expectations
Dollar Tree reported first-quarter adjusted earnings of $1.74 per share, exceeding analyst estimates of $1.55 per share.
Quarterly revenue totaled $4.98 billion, topping Street expectations of $4.97 billion. Net sales increased 7.2% year over year, while comparable-store sales rose 3.5%.
Adjusted operating income margin expanded by 110 basis points from a year earlier. Adjusted operating income climbed 22% to $473 million.
