Shares of Dollar Tree (DLTR) rose 2.9% over the past week. The operator of discount variety stores operating under the names of Dollar Tree, Deal&, Dollar Giant and Dollar Bills, among others, reported its third quarter results on Thursday.
Third Quarter Results
Dollar Tree reported third quarter revenues of $1.72 billion, up 7.8% on the year before. Comparable store sales rose 1.6% on the year, a slowdown compared to the growth rate of 4.8% in 2011. Revenues came in slightly below analysts consensus of $1.73 billion.
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