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DOLLAR TREE STORES, INC. • 2006 ANNUAL REPORT 1
FFIINNAANNCCIIAALL HHIIGGHHLLIIGGHHTTSS
2006(a) 2005 2004 2003(b) 2002
(in millions, except store and per share data)
Net Sales $3,969.4 $3,393.9 $3,126.0 $2,799.9 $2,329.2
Gross Profit 1,357.2 1,172.4 1,112.5 1,018.4 852.0
Operating Income 310.8 283.9 293.5 293.6 253.9
Net Income 192.0 173.9 180.3 177.6 154.6
Diluted Net Income Per Share 1.85 1.60 1.58 1.54 1.35
Working Capital $ 575.7 $ 648.2 $ 675.5 $ 450.3 $ 509.6
Total Assets 1,873.3 1,798.4 1,792.7 1,501.5 1,116.4
Total Debt 269.5 269.9 281.7 185.1 54.4
Shareholders’ Equity 1,167.7 1,172.3 1,164.2 1,014.5 855.4
Number of Stores Open 3,219 2,914 2,735 2,513 2,263
Total Selling Square Footage 26.3 23.0 20.4 16.9 13.0
Comparable Store Net Sales Increase/(Decrease)(c) 4.6% (0.8%) 0.5% 2.9% 1.0%
Average Net Sales Per Store(c) $ 1.3 $ 1.2 $ 1.2 $ 1.2 $ 1.1
(a) Fiscal 2006 includes 53 weeks, commensurate with the retail calendar, while all other fiscal years reported in the table contain 52 weeks.
(b) In January 2003, the Company changed its fiscal year from December 31 to the Saturday closest to January 31, effective for the year beginning February 2, 2003.
(c)Comparable store net sales compare net sales for stores open throughout each of the two periods being compared. Net sales per store are calculated for stores
open throughout the entire period presented.
PERFORMING
THRILLING