Dollar Tree stock rose 4% after beating revenue and earnings expectations. Revenue grew 9.4% to $4.75 billion, with adjusted earnings per share at $1.21, exceeding the expected $1.10. Same-store sales grew by 4.2%. CEO Michael Creedon highlighted Dollar Tree’s appeal to value-seeking consumers. The company gained 3 million new households, mostly high-income earners.

Dollar Tree raised its profit outlook, expecting adjusted earnings of $5.60 to $5.80 for the year, up from $5.32 to $5.72. In the fourth quarter, same-store sales are projected to increase by 4% to 6%. Overall, same-store sales for the year are anticipated to rise between 5% to 5.5%.

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