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CHESAPEAKE, Va., Nov 06, 2008 (BUSINESS WIRE) -- Dollar Tree, Inc. (DLTR:dollar
tree inc com
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Last: 37.48+1.90+5.34%
1:41pm 11/06/2008
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DLTR 37.48, +1.90, +5.3%) , the nation's largest discount variety store chain
selling everything for $1 or less, reported total sales for its fiscal third
quarter of 2008 were $1.11 billion, an 11.6% increase compared to $997.8 million
in last year's fiscal third quarter. Comparable-store sales for the quarter
increased 6.2%.
"Sales were consistently strong throughout the quarter," President and CEO Bob
Sasser said. "Dollar Tree continued to demonstrate its relevance to consumers
with our expanded selection of basic products, great seasonal merchandise for
back-to-school through Halloween and surprising values across all categories in
our stores. Customers responded with increased traffic and larger average
transaction size."
The Company will provide more detailed information about its third quarter 2008
operating results and guidance for the fourth quarter during its upcoming
earnings conference call scheduled for Tuesday, November 25, 2008, 9:00 a.m.
EST. The telephone number for the call is 866-316-1363. A recorded version of
the call will be available until midnight Tuesday, December 2, and may be
accessed by dialing 888-203-1112 and the pass code is 3289489. International
callers may dial 719-457-0820 and the pass code is 3289489. A webcast of the
call will be accessible through Dollar Tree's website, www.DollarTree.com/medialist.cfm.
Dollar Tree operated 3,572 stores in 48 states as of November 1, 2008, compared
to 3,401 stores one year ago. During the third quarter of 2008, the Company
opened 68 stores, closed 13 stores, and expanded or relocated 36 stores. The
Company's retail selling square footage totaled approximately 30.1 million at
November 1, 2008, an 6.7% increase compared to a year ago.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: This press release contains
"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, outlook, 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 April 1, 2008 and our Quarterly Report on Form 10-Q filed September 10,
2008. In light of these risks and uncertainties, the future events, developments
or results described by our forward - looking statements in our documents could
turn out to be materially and adversely different from those we discuss or
imply. 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.
SOURCE: Dollar Tree, Inc.
Dollar Tree, Inc., Chesapeake
Timothy J. Reid
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