Since Dollar Tree’s acquisition of Family Dollar in 2015, the latter has been something of a problem child for the deep discounter. Family Dollar’s sales often have lagged Dollar Tree’s, and the company has closed hundreds of Family Dollar stores.
Overall comps missed projections by Telsey Advisory Group analysts led by Joseph Feldman while operating margins beat their estimates. In an emailed research note the analysts said that “we continue to believe Dollar Tree is well-positioned to gain market share in a volatile macro environment, given its convenient locations, value-focused merchandise (including half the items priced at $1 and private brands), and defensive product mix of consumables and essentials.”
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