Dollar Tree beats quarterly sales estimates

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

(Reuters) – Dollar Tree Inc beat analysts’ estimates for quarterly sales on Tuesday, as the discount store operator benefited from higher demand for affordable groceries and other essentials during the COVID-19 pandemic.

Net sales rose to $6.18 billion in the third quarter ended Oct. 31, from $5.75 billion a year earlier, beating the average expectation of $6.13 billion, Refinitiv IBES data showed.

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