Summary
Dollar Tree Stores, Inc. (DLTR) filed an 8-K on July 6, 2004, to disclose a business update for its second quarter of fiscal year 2004. The company reaffirmed its previously issued sales guidance for the quarter, expecting total sales to be in the range of $700 million to $715 million. As of July 3, 2004, Dollar Tree operated 2,602 stores, an increase from 2,447 stores a year prior, indicating continued store expansion. This filing serves as a Regulation FD disclosure, providing timely information to the public and investors about the company's performance and outlook. The Chief Financial Officer, Eric Coble, delivered the update via a recorded telephone announcement, which also included a standard cautionary statement regarding forward-looking statements and potential risks. Investors should note that this update does not contain detailed financial results but rather a sales range confirmation and store count information.
Key Highlights
- 1Dollar Tree reaffirmed its second-quarter 2004 total sales guidance of $700 million to $715 million.
- 2As of July 3, 2004, the company operated 2,602 stores, up from 2,447 stores in the same period last year, demonstrating ongoing expansion.
- 3The update was provided via a recorded telephone announcement, adhering to Regulation FD disclosure requirements.
- 4The company's sales performance through July 3rd was characterized as 'on-plan'.
- 5The next update to the hotline is scheduled for October 5, 2004.
- 6The filing includes a standard cautionary note about forward-looking statements and associated risks and uncertainties.