Why Dollar Tree Stock Popped Today
Shares of Dollar Tree (NASDAQ: DLTR) were moving higher today after the discount retailer posted better-than-expected results in its first-quarter report. The strong performance during the pandemic-afflicted period was led by the Family Dollar brand, which is focused more on essential goods like food and cleaning products, while results lagged at Dollar Tree stores. Overall revenue increased 8.2% to $6.29 billion in the quarter, which was well ahead of expectations of $6.11 billion as growth was paced by a 15.5% jump in same-store sales at Family Dollar.
