-
11.9% Growth in Sales
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6.8% Increase in Comparable-Store Sales
Fourth graph, first sentence of release should read: Dollar Tree, a
Fortune 500 Company, operated 3,717 stores in 48 states as of August 1,
2009... (sted Dollar Tree, a Fortune 500 Company, operated 3,726 stores
in 48 states as of August 1, 2009...).
The corrected release reads:
DOLLAR TREE, INC. REPORTS SECOND QUARTER SALES OF $1.22 BILLION
Dollar Tree, Inc. (NASDAQ:DLTR), the nation’s leading operator of
discount variety stores selling everything for $1 or less, reported
consolidated net sales of $1.22 billion for the quarter ended August 1,
2009 (“second quarter”), an 11.9% increase compared to the $1.09 billion
reported for the quarter ended August 2, 2008, and $20 million above the
high end of the Company’s guidance range. Comparable-store sales for the
second quarter increased 6.8%, on top of a 6.5% increase reported for
the second quarter last year.
“Our sales momentum continued through the second quarter,” President and
CEO Bob Sasser said. “The 6.8% comparable-store sales growth was
achieved on top of the highest quarterly comparison of 2008. Traffic
continued to increase as customers responded to our 'Hot Summer Deals'
and the incredible values throughout our stores. Health and beauty care
basics, party supplies, household cleaning supplies and food were our
leading categories.”
The Company will provide more detailed information about its second
quarter 2009 operating results and provide guidance for the third
quarter and the balance of fiscal 2009 during its upcoming earnings
conference call scheduled for Wednesday, August 26, 2009, 9:00 a.m. EDT.
The telephone number for the call is 888-211-9933. A recorded version of
the call will be available until midnight Wednesday, September 2, and
may be accessed by dialing 888-203-1112 and the access code is 2249244.
International callers may dial 719-457-0820 and the access code is
2249244. A webcast of the call will be accessible through Dollar Tree's
website, www.dollartreeinfo.com/investors/news/events.
Dollar Tree, a Fortune 500 Company, operated 3,717 stores in 48 states
as of August 1, 2009, compared to a total of 3,517 stores in 48 states a
year ago. During the second quarter of 2009, the Company opened 60
stores, closed 10 stores, and expanded or relocated 16 stores. The
Company’s retail selling square footage totaled approximately 31.4
million at August 1, 2009, a 6.4% increase compared to a year ago. The
Company also operates a coast-to-coast logistics network of nine
distribution centers. To learn more about the Company, visit www.DollarTree.com
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release may
contain "forward-looking statements" as that term is used in the Private
Securities Litigation Reform Act of 1995. Forward looking statements
address future events, developments or results and typically use words
such as believe, anticipate, expect, intend, plan, forecast, or
estimate. For a discussion of the risks, uncertainties and assumptions
that could affect our future events, developments or results, you should
carefully review the “Risk Factors,” "Business," and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections in our Annual Report on Form 10 - K filed March 26,
2009 and our Quarterly Report on Form 10-Q filed May 27, 2009. We are
not obligated to release publicly any revisions to any forward looking
statements contained in this press release to reflect events or
circumstances occurring after the date of this report and you should not
expect us to do so.
Dollar Tree, Inc., Chesapeake
Timothy J. Reid
757-321-5284
www.DollarTree.com
