Dollar Tree profit rises
Chesapeake, Va. -- Dollar Tree Inc. reported a higher-than-expected profit for the fourth quarter ended on Jan. 28. But the chain forecast quarterly earnings and sales below Wall Street estimates amid rising gasoline prices and increased competition from larger rivals.
For the quarter, net income rose to $187.9 million, from $162.5 million a year earlier.
Sales rose about 12.8% to $1.95 billion. Same-store sales were up 7.3%.