Dollar Tree 2010 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 fi scal year 2010 and 2009. The unaudited information has been prepared on the same basis
as the audited consolidated fi 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 fi 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 2010:
Net sales $ 1,352.6 $ 1,377.9 $ 1,426.6 $ 1,725.3
Gross profi t $ 450.2 $ 483.5 $ 506.0 $ 647.9
Operating income $ 102.6 $ 127.8 $ 140.9 $ 258.7
Net income $ 63.6 $ 78.0 $ 93.2 $ 162.5
Diluted net income per share $ 0.49 $ 0.61 $ 0.73 $ 1.29
Stores open at end of quarter 3,874 3,925 4,009 4,101
Comparable store net sales change 6.5% 6.7% 8.7% 3.9%
Fiscal 2009:
Net sales $ 1,201.1 $ 1,222.8 $ 1,248.7 $ 1,558.6
Gross profi 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 $ 0.44 $ 0.42 $ 0.51 $ 1.01
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%
(1) Easter was observed on April 4, 2010 and April 12, 2009
48 DOLLAR TREE, INC. ♦ 2010 Annual Report