Dollar Tree 3Q Profits Up 20%

CHESAPEAKE, Va. — Dollar Tree, which previously reported strong quarterly sales, last week said net earnings improved by 20% during the same period. Net income of $43.1 million for the quarter, which ended Nov. 1, improved from $35.9 million in the same period last year, Dollar Tree said yesterday. Margin as a percent of sales dipped to 34.1% from 34.5%, due in part to a shift in sales mix toward food and consumables, the company said. As previously reported, quarterly sales at Dollar Tree improved by 11.6% to $1.1 billion.

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