Dollar Tree stock surged 4% after exceeding Wall Street’s expectations in revenue, adjusted earnings, and same-store sales growth. Revenue hit $4.75 billion, a 9.4% increase, with adjusted earnings per share at $1.21. CEO Michael Creedon credited Dollar Tree’s success to providing value, convenience, and discovery to consumers.

The discount retailer attracted 3 million new households, predominantly high-income earners. 30% of new customers came from middle-income households, and 10% from lower-income brackets. Dollar Tree raised its profit outlook, expecting adjusted earnings to range between $5.60 to $5.80 for the year, with same-store sales projected to rise 4% to 6% in the fourth quarter and 5% to 5.5% for the full year.

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