Dollar Tree Stores : Dollar Tree Reports Third-Quarter Sales Of $910.4 Million
11/02/2006| 08:33am US/Eastern
Dollar Tree Stores, Inc. (NASDAQ: DLTR), the nation's
largest $1.00 discount variety store chain, reported total sales for its
fiscal third quarter of 2006 were $910.4 million, a 14.3% increase
compared to $796.8 million in last year's
fiscal third quarter. These sales results were within the range of the
Company's most recent guidance of $895 to $915
million. Comparable-store sales for the quarter increased 4.0 %.
?The sales momentum that was consistent in the
first half of the year continued in the third quarter,?
President and CEO Bob Sasser said. ?Comparable-store
sales growth benefited from increases in both customer traffic and
average ticket. Our Halloween selling season was solid, and our stores
are well positioned for the fourth quarter.?
The Company will provide more detailed information about its third
quarter 2006 operating results and guidance for the fourth fiscal
quarter during its upcoming earnings conference call scheduled for
Tuesday, November 21, 2006, 9:00 a.m. EST. The telephone number for the
call is 800-289-0572. A recorded version of the call will be available
until midnight Tuesday, November 28, and may be accessed by dialing
888-203-1112 and the pass code is 7472077. International callers may
dial 719-457-0820 and the pass code is 7472077. A webcast of the call
will be accessible through Dollar Tree's website, www.DollarTree.com/medialist.cfm.
Dollar Tree operated 3,192 stores in 48 states as of October 28, 2006,
compared to 2,899 stores one year ago. During the third fiscal quarter
of 2006, the Company opened 50 stores, closed 14 stores, and expanded or
relocated 28 stores. The Company's retail
selling square footage totaled approximately 25.9 million at October 28,
2006, a 14.1% 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 example, our forward-looking statements include statements
regarding expectations about fourth-quarter results. 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 12, 2006 and
our Quarterly Report on Form 10-Q filed September 7, 2006. 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.
© Business Wire 2006