Dollar Tree 2006 Annual Report Download - page 16

• The resolution of certain legal matters could
have a material adverse effect on our results of
operations, accrued liabilities and cash.
• Certain provisions in our articles of incorporation
and bylaws could delay or discourage a takeover
attempt that may be in a shareholder’s best interest.
Our forward-looking statements could be wrong
in light of these and other risks, uncertainties and
assumptions. The future events, developments or
results described in this report could turn out to be
materially different. We have no obligation to publicly
update or revise our forward-looking statements after
the date of this annual report and you should not
expect us to do so.
Investors should also be aware that while we
do, from time to time, communicate with securities
analysts and others, we do not, by policy, selectively
disclose to them any material, nonpublic information
or other confidential commercial information.
Accordingly, shareholders should not assume that
we agree with any statement or report issued by any
securities analyst regardless of the content of the
statement or report. We generally do not issue finan-
cial forecasts or projections and we do not, by policy,
confirm those issued by others. Thus, to the extent
that reports issued by securities analysts contain any
projections, forecasts or opinions, such reports are
not our responsibility.
INTRODUCTORY NOTE: Unless otherwise stated,
references to “we,” “our” and “Dollar Tree” general-
ly refer to Dollar Tree Stores, Inc. and its direct and
indirect subsidiaries on a consolidated basis. Unless
specifically indicated otherwise, any references to
“2007” or “fiscal 2007”, “2006” or “fiscal 2006,”
“2005” or “fiscal 2005,” and “2004” or fiscal
2004,” relate to as of or for the years ended February
2, 2008, February 3, 2007, January 28, 2006 and
January 29, 2005, respectively.
AVAILABLE INFORMATION
Our annual reports on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K and
amendments to those reports filed or furnished
pursuant to Section 13(a) or 15(d) of the Securities
MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Exchange Act are available free of charge on our
website at www.dollartree.com as soon as reasonably
practicable after electronic filing of such reports with
the SEC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
In Management’s Discussion and Analysis, we explain
the general financial condition and the results of
operations for our company, including:
• what factors affect our business;
• what our earnings, gross margins and costs were
in 2006 and 2005;
• why those earnings, gross margins and costs were
different from the year before;
• how all of this affects our overall financial
condition;
• what our expenditures for capital projects were
in 2006 and what we expect them to be in 2007;
and
• where funds will come from to pay for future
expenditures.
As you read Management’s Discussion and
Analysis, please refer to our consolidated financial
statements, included in this Annual Report, which
present the results of operations for the fiscal years
ended February 3, 2007, January 28, 2006 and
January 29, 2005. In Management’s Discussion and
Analysis, we analyze and explain the annual changes in
some specific line items in the consolidated financial
statements for the fiscal year 2006 compared to the
comparable fiscal year 2005 and the fiscal year 2005
compared to the comparable fiscal year 2004.
Key Events and Recent Developments
Several key events have had or are expected to have
a significant effect on our results of operations. You
should keep in mind that:
• In November 2006, our Board of Directors
authorized the repurchase of up to $500 million
of our common stock. This amount was in
addition to the $26.7 million remaining on the
$300.0 million March 2005 authorization. As of
14 DOLLAR TREE STORES, INC. • 2006 ANNUAL REPORT