Discount retailer Dollar Tree Inc reported its strongest growth in quarterly same-store sales since 2011. Dollar Tree's net income rose 6 percent to $133 million, or 64 cents per share, in the third quarter ended Nov. 1.Net sales rose 11 percent to $2.1 billion.Same store sales grew 5.9 percent.Dollar Tree has agreed to purchase Family Dollar Inc but the deal is facing a challenge from Dollar General Corp, the No. 1 U.S. discount chain.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG fell by 0.11% or $-0.07/share to $66.10. In the past year, the shares have traded as low as $53.00 and as high as $66.29. On average, 3981840 shares of DG exchange hands on a given day and today's volume is recorded at 14828334.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR traded higher by 1.03% or $0.64/share to $62.63. In the past year, the shares have traded as low as $49.59 and as high as $62.72. On average, 2468510 shares of DLTR exchange hands on a given day and today's volume is recorded at 3907360.
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