Dollar Tree 2011 Annual Report Download - page 16

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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 net sales, earnings, gross margins and costs
were in 2011, 2010 and 2009;
• 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
2011 and 2010 and what we expect them to be in
2012; 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 January 28, 2012,
January 29, 2011 and January 30, 2010. In Management’s
Discussion and Analysis, we analyze and explain the
annual changes in some specific line items in the consoli-
dated financial statements for fiscal year 2011 compared
to fiscal year 2010 and for fiscal year 2010 compared to
fiscal year 2009.
Our forward-looking statements could be wrong in
light of these risks, uncertainties and assumptions. e
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, it is against our policy to 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 as
we have a policy against confirming information issued
by others. us, 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” generally
refer to Dollar Tree, Inc. and its direct and indirect
subsidiaries on a consolidated basis. Unless specifically
indicated otherwise, any references to “2012” or “fiscal
2012”, “2011” or “fiscal 2011”, “2010” or “fiscal 2010”, and
“2009” or “fiscal 2009”, relate to as of or for the years
ended February 2, 2013, January 28, 2012, January 29,
2011 and January 30, 2010, respectively.
Available Information
Our annual reports on Form 10-K, quarterly reports on
Form 10-Q, current reports on Form 8-K and amend-
ments 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.
14 Dollar Tree, Inc.