Dollar Tree, Inc. (DLTR) Posts 2.1% Higher First Quarter Same Store Sales
Dollar Tree (NASDAQ: DLTR), the nation's largest $1.00 discount variety store chain as it operates 3,474 stores in 48 states, recently announced a 2.1% increase in same store sales during the first quarter. In addition, the company recorded a 7.8% increase in total sales. Dollar Tree sales’ during the first quarter were driven by food, health and beauty care, and party supplies. Customers will continued to be pressured by rising prices in 2008, which will add strength to Dollar Tree’s sales going forward. "Sales were strong throughout the quarter and exceeded guidance," President and CEO Bob Sasser said. "Dollar Tree…