Dollar Tree's sales rise 5 percent

Markets Reuters

A customer walks out of a Dollar Tree discount store in Austin, Texas, U.S., February 27, 2017. REUTERS/Mohammad Khursheed (Copyright Reuters 2017)

Dollar Tree Inc , the biggest U.S. dollar-store chain, reported a 5 percent rise in quarterly net sales on Wednesday, as more customers visited its stores and also spent more on average.

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Net income rose to $321.8 million, or $1.36 per share, in the fourth quarter ended Jan. 28, from $229 million, or 97 cents per share, a year earlier.

Net sales increased to $5.64 billion from $5.37 billion.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sai Sachin Ravikumar)