Dollar Tree posts 3Q sales growth

CHESAPEAKE, Va. Dollar Tree reported consolidated net sales of $1.25 billion for the quarter ended Oct. 31, a 12.1% increase compared with the $1.11 billion reported for the quarter ended Nov. 1, 2008. Comparable-store sales for the third quarter increased 6.5% on top of a 6.2% increase reported for the third quarter last year.

"Our sales momentum continued in the third quarter, driven by increased traffic,” said president and CEO Bob Sasser. "Leading categories in the third quarter included health and beauty care basics, household consumables and party supplies. In addition, our seasonal performance was terrific from Back-to-School through Halloween as Dollar Tree remains the destination for incredible seasonal values.”