In March, it was reported that Dollar Tree would also renovate at least 1,000 stores. It has not been made clear if those same renovated stores would be carrying alcohol, but the company said in a Thursday news release that adult beverage products were added to about 45 stores. Freezers and coolers were added to about 55 stores.
Dollar Tree reported its first quarter financial results in a news release.
Credit: NurPhoto/Getty Images
Credit: NurPhoto/Getty Images
"I am proud of our team's efforts throughout the first quarter," Gary Philbin, president and chief executive officer of Dollar Tree, said in a statement. "Dollar Tree delivered a solid 2.5% increase in same-store sales while cycling its toughest quarterly compare from the prior year; and Family Dollar again demonstrated a sequential acceleration in comp sales. Family Dollar's 1.9% same-store sales increase is the strongest quarterly performance since we began reporting Family Dollar comps."
The company is also undergoing testing for Dollar Tree Plus! merchandise, a multi-price point test of items at values greater than a dollar, that will expand to more than 100 Dollar Tree stores.
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