Dollar Tree beats sales estimates
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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 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.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Maju Samuel)
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