Dollar Tree to Expand Higher Price Points Concept After Solid Q3 Results

Despite being perfectly positioned to capture consumer concerns during the pandemic, Dollar Tree (NASDAQ: DLTR) instead posted faltering results that lagged its deep discount rivals. The retailer said revenue rose 7.5% to $6.2 billion and earnings jumped 29% to $1.39 as both the Dollar Tree and Family Dollar chains saw comparable-store sales rise for a combined gain of 5.1%. Dollar Tree has been in a long slog to overcome the burden it assumed after acquiring the Family Dollar chain in 2015.