Dollar Tree 2009 Annual Report Download - page 50

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Notes to Consolidated Financial Statements
NOTE 11—QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The฀following฀table฀sets฀forth฀certain฀items฀from฀the฀Company’s฀unaudited฀consolidated฀statements฀of฀operations฀
for฀each฀quarter฀of฀scal฀year฀2009฀and฀2008.฀The฀unaudited฀information฀has฀been฀prepared฀on฀the฀same฀basis฀as฀the฀
audited฀consolidated฀nancial฀statements฀appearing฀elsewhere฀in฀this฀report฀and฀includes฀all฀adjustments,฀consisting฀
only฀of฀normal฀recurring฀adjustments,฀which฀management฀considers฀necessary฀for฀a฀fair฀presentation฀of฀the฀nancial฀
data shown. The operating results for any quarter are not necessarily indicative of results for a full year or for any
future period.
First
Quarter(1)
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal 2009:
Net sales $ 1,201.1 $ 1,222.8 $ 1,248.7 $ 1,558.6
Gross฀prot $ 415.4 $ 421.8 $ 441.2 $ 578.4
Operating income $ 97.6 $ 89.2 $ 107.6 $ 218.4
Net income $ 60.4 $ 56.9 $ 68.2 $ 135.0
Diluted฀net฀income฀per฀share $ 0.66 $ 0.63 $ 0.76 $ 1.52
Stores open at end of quarter 3,667 3,717 3,803 3,806
Comparable store net sales change 9.2% 6.8% 6.5% 6.6%
Fiscal฀2008:
Net sales ฀฀ $฀1,051.3฀ ฀฀ $฀1,093.1฀ ฀฀ $฀ 1,114.0฀ ฀฀ $฀1,386.5฀
Gross฀prot ฀฀ $฀ 356.5฀ ฀฀ $฀ 363.1฀ ฀฀ $฀ 379.4฀ ฀฀ $฀ 493.2฀
Operating income ฀฀ $฀ 69.7฀ ฀฀ $฀ 61.6฀ ฀฀ $฀ 69.3฀ ฀฀ $฀ 165.2฀
Net income ฀฀ $฀ 43.6฀ ฀฀ $฀ 37.6฀ ฀฀ $฀ 43.1฀ ฀฀ $฀ 105.2฀
Diluted฀net฀income฀per฀share ฀฀ $฀ 0.48฀ ฀฀ $฀ 0.42฀ ฀฀ $฀ 0.47฀ $ 1.15
Stores open at end of quarter 3,474฀ 3,517฀ 3,572฀ 3,591
Comparable store net sales change 2.1% 6.5% 6.2% 2.2%
(1) Easter was observed on April 12, 2009 and March 23, 2008
48฀฀฀DOLLAR฀TREE,฀INC.฀•฀2009฀Annual฀Report