Dollar Tree 2012 Annual Report Download - page 15

Management’s Discussion & Analysis of
Financial Condition and Results of Operations
MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
InManagement’sDiscussionandAnalysis,weexplainthe
generalnancialconditionandtheresultsofoperations
for our company, including:
•whatfactorsaectourbusiness;
•whatournetsales,earnings,grossmarginsandcosts
werein2012,2011and2010;
•whythosenetsales,earnings,grossmarginsand
costsweredierentfromtheyearbefore;
•howallofthisaectsouroverallnancialcondition;
•whatourexpendituresforcapitalprojectswerein
2012and2011andwhatweexpectthemtobein
2013;and
•wherefundswillcomefromtopayforfuture
expenditures.
AsyoureadManagement’sDiscussionandAnalysis,
pleaserefertoourconsolidatednancialstatements,
included in this Annual Report, which present the results
ofoperationsforthescalyearsendedFebruary2,2013,
January28,2012andJanuary29,2011.InManagement’s
DiscussionandAnalysis,weanalyzeandexplainthe
annualchangesinsomespeciclineitemsintheconsoli-
datednancialstatementsforscalyear2012compared
toscalyear2011andforscalyear2011comparedto
scalyear2010.
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dierent.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
condential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conrming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specically
indicatedotherwise,anyreferencesto“2013”or“scal
2013”,“2012”or“scal2012”,“2011”or“scal2011”,and
“2010”or“scal2010”,relatetoasoforfortheyears
endedFebruary1,2014,February2,2013,January28,
2012andJanuary29,2011,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led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
lingofsuchreportswiththeSEC.
2012AnnualReport13