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Dollar Tree Q3 profit down
Chesapeake, Va. -- Dollar Tree Inc. reported that its net income in the third quarter fell 19%, impacted by a one -time gain a year related to selling its stake in the Ollie's Holdings chain. The company forecast results for the fourth quarter below Street expectations.
The company posted earnings of $125.4 million for the period ended Nov. 2, down from $155.4 million a year ago.
Revenue rose 9.5% to $1.88 billion. Analysts expected revenue of $1.91 billion.
Same-store sales were up 3%.
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Survey: Dec. 21 to be biggest shopping day for jewelry and luxury
New York -- MasterCard Advisor’s latest MasterCard Spending Pulse survey found that there are some product categories that won’t see the biggest spending uptick on Black Friday and Cyber Monday.
The monthly SpendingPulse report anticipates that the biggest shopping day of the season for jewelry and luxury retailers will be Dec. 21 – the last Saturday before Christmas, which is becoming commonly known as “Super Saturday.”