Dollar Tree holds up in FQ1

|About: Dollar Tree, Inc. (DLTR)|By:, SA News Editor

Dollar Tree (DLTR) managed to grow both traffic and its average ticket in FQ1 to defy an ongoing weak trend in the retail sector.

The company reports comparable-store sales rose 2% in the quarter.

Gross profit rate -40 bps to 34.8%.

DLTR +1.6% premarket