Dollar Tree quarterly same-store sales at namesake brand miss estimates

[May 30, 2019]  (Reuters) - Dollar Tree Inc <DLTR.O> on Thursday reported quarterly same-store sales at its namesake stores that missed analysts' estimates, sending its shares down 4%.

The company reported a 2.5% rise in same-store sales at its Dollar Tree stores in the first quarter ended May 4. Analysts on average had expected 2.9% increase, according to IBES data from Refinitiv.

Net income rose to $267.9 million, or $1.12 per share, in the quarter from $160.5 million, or 67 cents per share, a year earlier.

(Reporting by Soundarya J in Bengaluru; Editing by James Emmanuel)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.