8-KOther Events

DOLLAR TREE, INC. 8-K Report (Oct 7, 2003)

Filed October 7, 2003For Securities:DLTR

Summary

Dollar Tree Stores, Inc. (DLTR) issued a Form 8-K on October 7, 2003, to provide a business update for the third quarter of fiscal year 2003. The company reaffirmed its sales guidance for the quarter, projecting total sales to be in the range of $665 million to $680 million. This range indicates a plan for slightly positive comparable-store sales growth, with actual sales through October 5th being on-plan. This filing also serves as an announcement for their third annual investor conference scheduled for October 8, 2003, which will be webcast live on their website. Investors are encouraged to listen to the recorded telephone announcement for detailed information and to monitor the webcast for further insights into the company's performance and outlook.

Key Highlights

  • 1Reaffirmed third quarter fiscal 2003 total sales guidance of $665 - $680 million.
  • 2Projected mid-point of sales range indicates slightly positive comparable-store sales growth.
  • 3Sales through October 5th, 2003, were in line with company expectations.
  • 4Company operated 2,491 stores in 47 states as of September 30, 2003, an increase from 2,179 stores in 38 states a year prior.
  • 5Announced third annual investor conference to be held on October 8, 2003.
  • 6Investor conference will be webcast live on www.dollartree.com and available for one week post-conference.

Frequently Asked Questions

Dollar Tree reaffirmed its total sales guidance for the third quarter of fiscal 2003 to be in the range of $665 million to $680 million. The company stated that sales through October 5th were on-plan, and the mid-point of the guidance range suggests slightly positive comparable-store sales growth.

As of September 30, 2003, Dollar Tree operated 2,491 stores across 47 states. This represents significant growth compared to the 2,179 stores in 38 states operated as of September 30, 2002.

Dollar Tree announced a recorded telephone announcement providing a business update, accessible from October 7th to October 11th. Additionally, the company's third annual investor conference was scheduled for October 8th, 2003, and was to be webcast live on their website, www.dollartree.com, with the recording available for one week afterwards.

This 8-K filing is primarily to disclose a business update for the third quarter under Regulation FD, providing sales guidance and store count information. It also serves to announce an upcoming investor conference, allowing the company to communicate material information to investors in a timely manner.