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Dollar Tree Q1 earnings surge; lifts guidance

Dollar Tree reported a solid first quarter, with sales growth, margin expansion, and earnings ahead of Street expectations as it continues to expand its multi-price strategy.

The discounter, which is celebrating its 40th anniversary this year, opened 113 new stores during the quarter, and converted or added about 630 stores to its multi-price format, ending the quarter with approximately 5,900 multi-price locations. It’s on track to open 400 new stores this year.

Dollar Tree Q1 earnings surge; lifts guidance | Chain Store Age

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