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Dollar tree profit falls 2.6 percent

Dollar Tree reported a 2.6 percent fall in quarterly profit as costs increased.

Net income fell to $121.5 million, or 59 cents per share, in the second quarter ended Aug. 2 from $124.7 million, or $1.25 per share, a year earlier.

A Dollar Tree store, July 28, 2014 in Miami, Florida.
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A Dollar Tree store, July 28, 2014 in Miami, Florida.

Revenue jumped 9.5 percent to $2.03 billion.

Wall Street analysts had expected Dollar Tree revenue of $2.01 billion, according to a consensus estimate from Thomson Reuters.

Same-store sales rose 4.5 percent on a constant-currency basis. Analysts on average had expected a 2.5 percent rise, according to research firm Consensus Metrix.

Read MoreFamily Dollar rejects Dollar General bid, backs rival

Dollar Tree is a discount retailer that has a large selection of items that cost $1 at more than 5,000 stores in the U.S. and Canada.

Last month, Dollar Tree announced plans to acquire Family Dollar for $8.5 billion. The deal was expected to close by early next year and would result in a combined more than 13,000 locations. The company said it expects sales of more than $18 billion from the transaction, expanding the customer base from suburban America to Family Dollar's urban and rural locations.

This week, Dollar General made a competing offer of $9.7 billion for Family Dollar.

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—By Reuters with CNBC

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