Dollar Tree 2014 Annual Report Download - page 20

4
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: This document contains "forward-looking statements" as
that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events,
developments and results. They include statements preceded by, followed by or including words such as "believe,"
"anticipate," "expect," "intend," "plan," "view," “target” or "estimate." For example, our forward-looking statements include
statements regarding:
• the timing of the regulatory approvals and closing of the proposed acquisition of Family Dollar Stores, Inc.
("Family Dollar");
• the consideration to be paid to the Family Dollar shareholders in the proposed acquisition and the number of
outstanding Family Dollar shares of common stock at closing;
• acquisition-related expenses and financing costs;
• the benefits, results and effects of the proposed Family Dollar acquisition and the combined company’s plans,
objectives, expectations (financial or otherwise), including synergies, the cost to achieve synergies, and the effect on
earnings per share;
• the outcome and costs of pending or potential litigation or governmental investigations against either us or Family
Dollar;
• regulatory approvals and expected store divestitures in connection with the proposed Family Dollar acquisition;
• the inability to retain key personnel at Family Dollar;
• our anticipated sales, including comparable store net sales, net sales growth and earnings growth;
• costs of pending and possible future legal claims;
• our growth plans, including our plans to add, expand or relocate stores, our anticipated square footage increase, and
our ability to renew leases at existing store locations;
• the average size of our stores to be added in 2015 and beyond;
• the effect on merchandise mix of consumables and the increase in the number of our stores with freezers and coolers
on gross profit margin and sales;
• the net sales per square foot, net sales and operating income of our stores;
• the potential effect of inflation and other economic changes on our costs and profitability, including the potential
effect of future changes in minimum wage rates, shipping rates, domestic and import freight costs, fuel costs and
wage and benefit costs;
• our gross profit margin, earnings, inventory levels and ability to leverage selling, general and administrative and
other fixed costs;
• our seasonal sales patterns including those relating to the length of the holiday selling seasons;
• the capabilities of our inventory supply chain technology and other systems;
• the reliability of, and cost associated with, our sources of supply, particularly imported goods such as those sourced
from China;
• the capacity, performance and cost of our distribution centers;
• our cash needs, including our ability to fund our future capital expenditures and working capital requirements;
• our expectations regarding competition and growth in our retail sector; and
• management's estimates associated with our critical accounting policies, including inventory valuation, accrued
expenses and income taxes.
For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results,
you should carefully review the risk factors described in Item 1A “Risk Factors” beginning on page 10, as well as Item 7
"Management’s Discussion and Analysis of Financial Condition and Results of Operations" beginning on page 25 of this Form
10-K.
Our forward-looking statements could be wrong in light of these risks, uncertainties and assumptions. The 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. Thus, 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