Summary
Dollar Tree Stores, Inc. (DLTR) filed an 8-K on January 5, 2005, to provide a business update for its fourth quarter of fiscal year 2004. The company indicated that as of January 3, 2005, its total sales for the fourth quarter were tracking within the lower half of its previously provided guidance range of $990 million to $1.01 billion. This guidance was based on expectations of flat to slightly positive comparable store sales. The update also noted that Dollar Tree operated 2,741 stores across 48 states as of January 3, 2005, an increase from 2,524 stores in 47 states a year prior. The company announced a change in its reporting cadence, stating that future quarterly updates would be provided on Thursday mornings, aligning with the reporting schedule of most other retailers, with the next update scheduled for April 7, 2005.
Key Highlights
- 1Dollar Tree is providing a Q4 2004 sales update via a recorded telephone announcement, accessible for a limited time.
- 2As of January 3, 2005, Q4 total sales are trending in the lower half of the previously issued guidance range of $990 million to $1.01 billion.
- 3The Q4 sales guidance was predicated on flat to slightly positive comparable store sales.
- 4The company's store count has grown to 2,741 stores in 48 states as of January 3, 2005, up from 2,524 stores in 47 states a year ago.
- 5Dollar Tree is adjusting its future reporting schedule to align with industry norms, with quarterly updates now to be released on Thursday mornings.
- 6The next quarterly business update is scheduled for Thursday, April 7, 2005.