Dollar Tree Profits

Dollar Tree(DLTR),the discount variety chain,posted a 14% boost in net profit for fiscal Q1.With more bargain hunters brought in by the tough economic times,its gross margin rose from 33.4 to 33.9%,and same store sales rose 2.1%.It also raised its fiscal year earnings outlook to a range of 2.23 to 2.39 a share,up from 2.17 to 2.35 a share.In a recent circular,Dollar Tree featured 4-ounce steaks,as well as 8-pack hot dogs,24-ounce Del Monte ketchup,Sunbeam batteries and 6-ounce Aim toothpaste-all for 1.00 U.S. each.Indeed,everything in the store is a pocketbook-friendly one greenback.