Lessen store operator Dollar Tree on Thursday reported first-quarter same-store purchases that missed analysts’ estimates as performance at its namesake and Family Dollar important lagged due to colder-than-normal spring weather.
Sales at established stores untie for more than a year rose 1.4 percent, lower than the normal analysts’ estimate of 2.19 percent, according to Thomson Reuters I/B/E/S.
Net proceeds fell to $160.5 million, or 67 cents per share, in the first shelter ended May 5, from $200.5 million, or 85 cents per division, a year earlier.