Dollar Tree same-store sales slow, stock drops with it

August 25, 2016 2:25 PM

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Shares of Dollar Tree (DLTR) fell more than 7% in early trading following the company's fiscal second quarter earnings report Thursday morning.

The discount chain reported an increase of 1.2% in same-store sales, a key metric in evaluating retailers, which was below the 2.7% increase in the same period last year. The slowing sales has caused Dollar Tree to lower its net sales expectations for the year to the range of $20.69 billion to $20.8...

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