Search
 

Gas, Weather Hurt Dollar Tree

CHESAPEAKE, VA-Cold weather and high gasoline prices negatively impact the dollar retailer's first quarter performance.

By Jennifer D. Duell | Updated on May 26, 2005

CHESAPEAKE, VA-Dollar Tree Stores Inc.’s same store sales decreased 3.7% for the first quarter of fiscal 2005 compared to the same period last year. Overall sales increased 5.5% to $749.1 million from $710.3 million compared to the first quarter 2004.

The retailer posted earnings per share of 26 cents, which met analyst expectations, but didn’t exceed them. Based on first quarter sales, Dollar Tree gave new second quarter guidance of 25 cents per share to 26 cents per share.

“The decline is clearly the result of disappointing sales,” says Dollar Tree president and CEO Bob Sasser. He blames the poor sales on bad weather, which impacted Easter holiday sales, and high gasoline prices.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.