DOLLAR
TREE REPORTS FIRST-QUARTER SALES OF $975.0 MILLION
COMPARABLE-STORE
SALES INCREASE OF 5.8%
CHESAPEAKE,
Va. - May 10, 2007 - Dollar
Tree Stores, Inc. (NASDAQ: DLTR), the nation’s largest $1.00 discount variety
store chain, reported total sales for its fiscal first quarter of 2007 were
$975.0 million, a 13.8% increase compared to $856.5 million in last year’s
fiscal first quarter. Comparable-store sales for the quarter increased 5.8%.
“Although
challenged by an earlier Easter selling season, our comparable-store sales
momentum continued to build in the first quarter,” President and CEO Bob Sasser
said. “The 5.8% comparable-store sales increase was on top of a 4.0% increase in
comp-store sales for the same period last year. Sales gains were driven by
improved in-stock on basic products and strong seasonal sales, particularly
for
Valentine’s Day and Easter.”
The
Company will provide more detailed information about its first quarter 2007
operating results and provide guidance for the second quarter and the balance
of
fiscal 2007 during its upcoming earnings conference call scheduled for
Wednesday, May 30, 2007, 9:00 a.m. EDT.
The
telephone number for the call is 888-202-2422. A recorded version of the call
will be available until midnight Friday, June 8, and may be accessed by dialing
888-203-1112 and the access code is 5260884. A webcast of the call is accessible
through Dollar Tree's website, www.DollarTree.com, as well as at Vcall’s
website, www.Vcall.com, and will remain on-line until midnight Friday, June
8.
Dollar
Tree operated 3,280 stores in 48 states as of May 5, 2007, compared to a total
of 3,119 stores in 48 states a year ago. During the first fiscal quarter of
2007, the Company opened 75 stores, closed 14 stores and expanded or relocated
27 stores. The Company’s retail selling square footage totaled approximately
27.0 million at May 5, 2007, an 8.0% increase compared to a year
ago.
A
WARNING
ABOUT FORWARD-LOOKING STATEMENTS: Our press release 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
4, 2007. 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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