Summary
This Form 8-K filing from Dollar Tree Stores, Inc. (DLTR) provides a business update for the fourth quarter of fiscal year 2003. The company projects total sales for the quarter (November 2, 2003 - January 31, 2004) to be in the range of $880 to $905 million, with comparable-store sales growth expected to be flat to up 3%. As of January 5, 2004, the company's sales were performing on plan, and management now anticipates that full-quarter sales will likely fall within $885 to $900 million. The filing also highlights the company's significant store growth, with 2,527 stores operating across 47 states as of December 31, 2003, an increase from 2,263 stores in 41 states a year prior. This expansion indicates a continued strategy of increasing market presence and accessibility for its value-oriented merchandise.
Key Highlights
- 1Dollar Tree provided a Q4 FY2003 business update via a recorded telephone announcement.
- 2Projected total sales for Q4 FY2003 are between $880 million and $905 million.
- 3Comparable-store sales growth for Q4 FY2003 is expected to be between flat and 3%.
- 4As of January 5, 2004, the company's sales performance was on track with its plans.
- 5Management now forecasts Q4 FY2003 sales to be in the range of $885 million to $900 million.
- 6The company operated 2,527 stores in 47 states as of December 31, 2003.
- 7This represents significant expansion from 2,263 stores in 41 states as of December 31, 2002.