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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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Bon-Ton posts smaller-than-expected loss in third quarter
New York -- Bon-Ton Stores narrowed its loss in the third quarter to $931,000, compared with a loss of $10.1 million in the year-ago period.
Revenue dipped 3% to $651.2 million from $668.7 million, narrowly missing analysts’ expected $671.2 million in revenue.
Same-store sales fell 2.8%.