| DOLLAR TREE STORES, INC. REPORTS NET SALES OF $173.9 MILLION FOR THE SECOND QUARTER 1998. SAME STORE SALES INCREASE 12.0% CHESAPEAKE, Virginia -- July 6, 1998 -- Dollar Tree Stores, Inc. (OTC:DLTR) reported net sales of $173.9 million for the quarter ended June 30, 1998. This represents an increase of $44.6 million, or 34.4% over net sales of $129.3 million during the same period last year. Year-to-date sales increased 31.4%, from $247.1 million to $324.7 million for the six months ended June 30, 1998.For the second quarter of 1998, net sales in comparable stores increased 12.0% over the same period last year. Second quarter sales were favorably impacted by the shift in Easter from the first quarter in 1997 to the second quarter in 1998. In other news, the Company said that it has launched a company-wide summer-long celebration of the opening of its 1,000th store, which will occur in mid-summer. Dollar Tree store locations will participate in the celebration with small local events and signage celebrating this achievement. Macon F. Brock, President and CEO, commented "It has taken the combined efforts of many people to reach this milestone in our continuing growth. Operating 1,000 stores is just a part of our commitment to providing value, variety, and a convenient place to shop for our customers." On June 29, 1998, Dollar Tree completed a 50% common stock dividend, having the effect of a 3-for-2 stock split. Dollar Tree Stores, Inc. is a leading discount variety store chain offering a wide assortment of quality everyday general merchandise, in many traditional variety store categories, at the $1.00 price point. Dollar Tree Stores operates 980 stores in 28 states as of June 30, 1998, having opened 96 new stores and closed 3 stores in 1998. |
DOLLAR TREE STORES, INC. REPORTS NET SALES OF $173.9 MILLION FOR THE SECOND QUARTER 1998. SAME STORE SALES INCREASE 12.0%
DOLLAR TREE STORES, INC. REPORTS NET SALES OF $173.9 MILLION FOR THE SECOND QUARTER 1998. SAME STORE SALES INCREASE 12.0%