May 30, 2019 / 11:45 AM / 2 months ago

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

May 30 (Reuters) - Dollar Tree Inc 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)

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