Dollar Tree (NASDAQ:DLTR) is another discount retailer with fantastic prospects that is worth owning along with Dollar General. Although Dollar Tree is smaller than Dollar General, it’s growing at a good clip. During the third quarter alone, the company opened 98 new stores, which meant its store count grew by almost 3%.
Dollar Tree also boasts higher return on equity and long-term growth than Dollar General. Dollar Tree’s earnings announcement on Feb. 22 noted a profit of $187.9 million, or $1.60 per share, compared to $162.5 million, or $1.29 per share, for the same time last year.