Dollar Tree 2011 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2011 Dollar Tree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

1RWHVWR&RQVROLGDWHG)LQDQFLDO6WDWHPHQWV
NOTE 11—QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
e following table sets forth certain items from the Company’s unaudited consolidated statements of operations for
each quarter of fiscal year 2011 and 2010. e unaudited information has been prepared on the same basis as the audited
consolidated financial 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 financial data shown.
e 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
ird
Quarter
Fourth
Quarter
Fiscal 2011:
Net sales $ 1,545.9 $ 1,542.4 $ 1,596.6 $ 1,945.6
Gross profit $ 540.8 $ 542.4 $ 560.6 $ 734.5
Operating income $ 161.7 $ 153.5 $ 164.9 $ 302.0
Net income $ 101.0 $ 94.9 $ 104.5 $ 187.9
Diluted net income per share $ 0.82 $ 0.77 $ 0.87 $ 1.60
Stores open at end of quarter 4,177 4,242 4,335 4,351
Comparable store net sales change 7.1% 4.7% 4.8% 7.3%
Fiscal 2010:
Net sales $ 1,352.6 $ 1,377.9 $ 1,426.6 $ 1,725.3
Gross profit $ 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%
(1) Easter was observed on April 24, 2011 and April 4, 2010
48 Dollar Tree, Inc.