8-KRegulation FD

DOLLAR TREE, INC. 8-K Report, Regulation FD Disclosure (Oct 6, 2004)

Filed October 6, 2004For Securities:DLTR

Summary

Dollar Tree, Inc. (DLTR) filed an 8-K on October 6, 2004, to provide a business update for its third quarter of fiscal 2004. The company indicated that as of October 4th, comparable store sales were in line with expectations, but new store volume was slightly below projections. Consequently, total sales for the quarter were trending towards the lower end of their previously issued guidance range of $730 million to $750 million. The company also reported an increase in its store count to 2,646 locations across 48 states.

Key Highlights

  • 1Dollar Tree provided a Q3 2004 sales update via a recorded telephone announcement and accompanying 8-K filing.
  • 2Total sales for Q3 2004 were projected to be in the range of $730 million to $750 million, based on flat to slightly positive comparable store sales.
  • 3As of October 4, 2004, comparable store sales were performing in-line with expectations.
  • 4However, new store volume was slightly below expectations.
  • 5This performance trend suggests total sales for the quarter are likely to be at the lower end of the previously guided range.
  • 6The company operated 2,646 stores across 48 states as of October 4, 2004, an increase from 2,491 stores a year prior.
  • 7The next business update was scheduled for January 5, 2005.

Frequently Asked Questions

This 8-K filing serves as a business update for Dollar Tree's third quarter of fiscal year 2004. It provides preliminary sales performance information and an update on store count.

Sales performance is mixed. Comparable store sales are in line with expectations (flat to slightly positive), but new store volume is slightly below projections. This is leading to total sales trending towards the lower end of the previously provided guidance range of $730 million to $750 million.

Yes, Dollar Tree has continued to expand. As of October 4, 2004, the company operated 2,646 stores in 48 states, up from 2,491 stores in 47 states a year ago.

The filing directs investors to review the "Risk Factors," "Business," and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections in their Annual Report on Form 10-K filed April 13, 2004, and their Quarterly Report on Form 10-Q filed September 9, 2004, for a discussion of risks and uncertainties.