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Dollar Tree beats quarterly sales estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is a person entering a Dollar Tree shop in Washington, U.S.A, on June 1, 2021. REUTERS/Erin Scott/File Photo

(Reuters) – Dollar Tree Inc (NASDAQ:), quarterly sales beat estimates Tuesday as a result of a returning consumer demand for discretionary products helping to counter the tapering in pandemic driven surges in grocery shopping.

The third quarter’s net sales increased by 3.9%, to $6.42billion, surpassing the average analyst estimate at $6.41billion, Refinitiv IBES data shows.

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