PRESS
RELEASE
DOLLAR
TREE REPORTS THIRD-QUARTER SALES OF $910.4 MILLION
CHESAPEAKE,
Va. - November 2, 2006 - 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.
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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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