Dollar Tree Inc. (NASDAQ:DLTR) posted stronger-than-expected second-quarter sales and earnings on Wednesday.
The discount retailer’s second-quarter sales increased 12.3% to $4.567 billion, beating the consensus of $4.484 billion. Same-store net sales increased 6.5%, driven by a 3% increase in traffic and a 3.4% increase in average ticket.
The company reported adjusted earnings of 77 cents per share, beating the analyst estimate of 41 cents.
“The strong sales growth, margin outperformance, and market share gains that Dollar Tree delivered in the second quarter against an increasingly challenging economic backdrop reinforces the unique position that Dollar Tree occupies in today’s retail landscape,” said Mike Creedon, Chief Executive Officer.
Dollar Tree raised its fiscal 2025 adjusted earnings guidance from $5.15-$5.65 to $5.32-$5.72 compared to the consensus …