Exhibit
99.1
PRESS
RELEASE
DOLLAR
TREE STORES, INC. PROVIDES UPDATE CONCERNING
HURRICANE
KATRINA
CHESAPEAKE,
Va. - September 13, 2005 -
Dollar
Tree Stores, Inc. (NASDAQ: DLTR), the nation’s largest $1.00 discount variety
store chain,
today
released an update concerning the effects of Hurricane Katrina.
Of
the
forty-six Dollar Tree stores that were initially closed by the effects of
Hurricane Katrina, thirty-one are now open for business. At this point in time,
the Company does not believe there will be any material, adverse change to
the
most recent quarterly sales guidance.
It
is too
early to comment on the extent of losses. Preliminary inspections indicated
heavy damage to 8 of the remaining 15 unopened stores. After complete
inspections of the remaining 7 stores, the Company will be able to estimate
the
full extent of the hurricane losses and potential effect on earnings for the
third and fourth quarters of fiscal 2005.
The
Company’s primary focus has been the safety and support of our associates. We
have contacted and accounted for most of them, and we continue to support them
in their recovery efforts.
Dollar
Tree will
provide
additional
information on our regular, pre-recorded business update which is scheduled
for
October 6, 2005.
Dollar
Tree operated 2,856 stores in 48 states as of July 30, 2005.
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, or estimate. For example, our forward-looking statements include
statements about the effect of Hurricane Katrina. 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 14, 2005
and
the “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” section of our Quarterly Report on Form 10-Q filed September 8,
2005. Also, carefully review "Risk Factors" in our most recent prospectuses
filed November 15, 2000 and August 3, 2000. In light of these risks and
uncertainties, the future events, developments or results described by our
forward looking statements in this document 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.
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CONTACT:
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Dollar
Tree Stores, Inc., Chesapeake
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