Dollar Tree Earnings Were Mixed. Why Its Stock Is Rising.

Dollar Tree Earnings Were Mixed. Why Its Stock Is Rising.
·2 min read

The discount retailer continues to build out its network of stores and refurbish existing locations, reporting better same-store sales at a combined store concept it started rolling out last year. In addition to the $2 billion share repurchase this year, the company said it would open 600 new stores in fiscal 2021, including 400 Dollar Trees and 200 Family Dollars, and renovate 1,250 Family Dollar locations. Dollar Tree (ticker: DLTR) shares rose 5.3% on Wednesday and are up 32% over the past year compared with a 23% one-year gain for the S&P 500.