Dollar Tree Profit Slips

Chesapeake, Va. Dollar Tree Stores Inc. said Wednesday its fourth quarter profit slipped 3% compared to last year's quarterly results, when an extra week of sales boosted results.

For the quarter ended Feb. 2, net income fell to $94.7 million from $97.6 million in the prior year quarter. Sales fell nearly 2% to $1.3 billion from $1.32 billion in the fourth quarter of 2006.

For the year, profit jumped 5% to $201.3 million from $192 million. Sales rose 7% to $4.24 billion from $3.97 billion in 2006.