Dollar Tree Shines in 4Q

Chesapeake, Va. Dollar Tree, Inc. reported total sales of $1.39 billion for its fiscal fourth quarter of 2008, a 6.8% increase compared to $1.30 billion in last year’s fiscal fourth quarter. Same-store sales for the quarter increased 2.2%.

“Dollar Tree continues to be right for the times,” said Bob Sasser, president and CEO. “The expanded assortment of high-value basic consumable merchandise makes our stores more relevant and continues to drive sales. Comparable-store sales grew despite challenges throughout the quarter, including the calendar shift in November, and a succession of winter storms across the country from mid-December through January.”

For the full year, 2008 sales were a record $4.64 billion, a 9.5% increase compared to the $4.24 billion reported last year. Comparable-store sales increased 4.1% for the full year 2008.