PRESS
RELEASE
DOLLAR
TREE REPORTS SECOND-QUARTER SALES OF $883.6 MILLION
CHESAPEAKE,
Va. - August 3, 2006 - Dollar
Tree Stores, Inc. (NASDAQ: DLTR), the nation’s largest $1.00 discount variety
store chain, reported total sales for its fiscal second quarter of 2006 were
$883.6 million, a 14.9% increase compared to $769.0 million in last year’s
fiscal second quarter. These sales results were above the range of the Company’s
most recent guidance of $855 to $875 million. Comparable-store sales for the
quarter increased 4.2 %.
“Sales
growth was consistent throughout the quarter,” President and CEO Bob Sasser
said. “The installation of expanded payment type acceptance and the continued
expansion of consumer products in our assortment, especially in the larger
stores, are key initiatives that contributed to a higher average sale per
customer and increased year over year customer traffic.”
The
Company will provide more detailed information about its second quarter 2006
operating results and guidance for the third fiscal quarter during its upcoming
earnings conference call scheduled for Wednesday, August 23, 2006, 9:00 a.m.
EDT.
The
telephone number for the call is 800-289-0572.
A
recorded version of the call will be available until midnight Wednesday, August
30, and may be accessed by dialing 888-203-1112 and the pass code is 3624958.
International callers may dial 719-457-0820
and the pass code is 3624958.
A
webcast of the call, powered by Vcall, is accessible through Dollar Tree's
website, www.DollarTree.com/medialist.cfm, as well as at
www.investorcalendar.com, and will remain on-line until midnight Wednesday,
August 30.
Dollar
Tree operated 3,156 stores in 48 states as of July 29, 2006, compared to 2,856
stores in 48 states a year ago. During the second fiscal quarter of 2006, the
Company opened 47 stores, closed 10 stores, and expanded or relocated 18 stores.
The Company’s retail selling square footage totaled approximately 25.4 million
at July 29, 2006, a 14.7% increase compared to a year ago.
A
WARNING
ABOUT FORWARD-LOOKING STATEMENTS: Our press releases 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, 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
12, 2006 and our Quarterly Report on Form 10-Q filed June 8, 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.
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CONTACT:
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Dollar
Tree Stores, Inc., Chesapeake
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Timothy
J. Reid
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757-321-5284
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www.DollarTree.com
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