-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NDCWqtjJ2yvIJSlfPCXiqKdP85/pVuJUdQ4JR9D8xuacU2R7tV4bND0pOnHuUQRN 220Ch9SeHE5iuT/MdBxfAQ== 0000935703-98-000046.txt : 19981009 0000935703-98-000046.hdr.sgml : 19981009 ACCESSION NUMBER: 0000935703-98-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981005 ITEM INFORMATION: FILED AS OF DATE: 19981008 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR TREE STORES INC CENTRAL INDEX KEY: 0000935703 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 541387365 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25464 FILM NUMBER: 98722755 BUSINESS ADDRESS: STREET 1: 500 VOLVO PARKWAY STREET 2: NORFOLK COMMERCE PARK CITY: CHESAPEAKE STATE: VA ZIP: 23320 BUSINESS PHONE: 7573215000 MAIL ADDRESS: STREET 1: P.O. BOX 2500 CITY: NORFOLK STATE: VA ZIP: 23501-2500 8-K 1 DOLLAR TREE STORES, INC. - 3RD QTR SALES, 1998 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 8, 1998 Date of Earliest Event Reported: October 5, 1998 DOLLAR TREE STORES, INC. (Exact name of registrant as specified in its charter) COMMISSION FILE NUMBER: 0-25464 VIRGINIA 54-1387365 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 500 Volvo Parkway Chesapeake, VA 23320 (Address of principal executive offices) Registrant's telephone number, including area code: (757) 321-5000 ITEM 5: OTHER EVENTS On October 5, 1998, Dollar Tree issued the following press release regarding net sales for the third quarter of 1998: "Dollar Tree Stores, Inc., the nation's largest $1.00 discount variety store chain, reported net sales of $176.1 million for the quarter ended September 30, 1998. This represents an increase of $33.7 million, or 23.6%, over net sales of $142.4 million during the same period last year. Comparable stores net sales increased 2.9% for the same period. Year-to-date sales increased 28.6%, to $500.7 million from $389.5 million for the nine months ended September 30, 1998, reflecting a 6.8% comparable store net sales increase. "In anticipation of a shortage of shipping containers from Asian markets, the Company accelerated its shipments during the second and third quarters. Management believes that the percentage increase in inventory levels at the end of the third quarter will slightly exceed the overall year-to-date sales increase, placing the Company in a strong in-stock position for the fourth quarter selling season. "Macon F. Brock, Jr., President and CEO, commented "We have positioned ourselves for a successful fourth quarter. Our inventory is new and fresh, we have enjoyed strong gross margins all year, and earnings are on track. We think our customers will appreciate the quality and variety of our seasonal and general everyday merchandise for the rest of the year." "In other news, it has also been announced that Dollar Tree has been added to the S&P MidCap 400 Index as of October 1, 1998. "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 1,054 stores in 29 states as of September 30, 1998, with 75 new stores and 1 closure in the third quarter. "This news release contains forward-looking statements regarding Dollar Tree, such as expected gross margin, earnings, inventory and prospects. Such forward-looking statements are subject to certain risks and uncertainties, including various factors that may cause the Company's actual results to differ materially from anticipated results or other expectations described in such statements. Additionally, forward-looking statements are subject, but not limited, to the risks indicated in the Company's filings with the Securities and Exchange Commission." SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DATE: October 8, 1998 DOLLAR TREE STORES, INC. By: /s/ Frederick C. Coble ------------------------------- Frederick C. Coble Senior Vice President, CFO -----END PRIVACY-ENHANCED MESSAGE-----