Dollar Tree beats quarterly sales estimates

Net sales rose to $6.18bln in the third quarter ended Oct. 31

  

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.

(Reporting by Praveen Paramasivam and Mehr Bedi in Bengaluru; Editing by Aditya Soni) ((Praveen.Paramasivam@thomsonreuters.com))

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