Dollar Tree 2007 Annual Report Download - page 16

14 DOLLAR TREE, INC. • 2007 ANNUAL REPORT
Management’s Discussion & Analysis of Financial Condition and Results of Operations
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
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 oper-
ations for our company, including:
• what factors affect our business;
• what our net sales, earnings, gross margins and
costs were in 2007, 2006 and 2005;
• why those net sales, 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
2007 and what we expect them to be in 2008;
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 2, 2008, February 3, 2007 and January
28, 2006. In Management’s Discussion and Analysis,
we analyze and explain the annual changes in some
specific line items in the consolidated financial state-
ments for the fiscal year 2007 compared to the com-
parable fiscal year 2006 and the fiscal year 2006
compared to the comparable fiscal year 2005.
Key Events and Recent Developments
Several key events have had or are expected to have a
significant effect on our operations. You should keep
in mind that:
• On March 2, 2008, we reorganized by creating a
new holding company structure. The new parent
company is Dollar Tree, Inc., replacing Dollar Tree
Stores, Inc., which is now an operating subsidiary.
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 ana-
lysts and others, we do not, by policy, selectively dis-
close 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 secu-
rities analyst regardless of the content of the statement
or report. We generally do not issue financial 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 respon-
sibility.
INTRODUCTORY NOTE: Unless otherwise stated, refer-
ences to “we,” “our” and “Dollar Tree” generally refer to
Dollar Tree, Inc. and its direct and indirect subsidiaries
on a consolidated basis. Unless specifically indicated oth-
erwise, any references to “2008” or “fiscal 2008”, “2007”
or “fiscal 2007”, “2006” or “fiscal 2006,” and “2005” or
“fiscal 2005,” relate to as of or for the years ended
January 31, 2009, February 2, 2008, February 3, 2007
and January 28, 2006, respectively.
On March 2, 2008, we reorganized by creating a
new holding company structure. The new parent com-
pany is Dollar Tree, Inc., replacing Dollar Tree Stores,
Inc., which is now an operating subsidiary. The pri-
mary purpose of the reorganization was to create a
more efficient corporate structure. Outstanding shares
of the capital stock of Dollar Tree Stores, Inc., were
automatically converted, on a share for share basis,
into identical shares of common stock of the new
holding company. The articles of incorporation, the
bylaws, the executive officers and the board of direc-
tors of our new holding company are the same as
those of the former Dollar Tree Stores, Inc. in effect
immediately prior to the reorganization. The common
stock of our new holding company will continue to be
listed on the NASDAQ Global Select Market under
the symbol “DLTR”. The rights, privileges and interests
of our stockholders will remain the same with respect
to our new holding company.