Dollar Tree realizes annual net sales increase of 6.1%

CHESAPEAKE, Va. — Dollar Tree on Wednesday posted sales of $2.2 billion for the fourth quarter ended Feb. 1, down slightly by 0.9%. However, fourth quarter 2012 included 13 weeks as compared to the 12-week period for fiscal 2013. 

For fiscal year 2013, the company's consolidated net sales were $7.8 billion, up 6.1%. Comparable store sales increased 2.4%. Fiscal 2012 included 53 weeks, as compared with 52 weeks in fiscal 2013.

Comparable store sales increased 1.2%. 

"Dollar Tree delivered record earnings and our comparable-store sales grew, despite severe weather, a shorter holiday selling period and a challenging economic environment," said Bob Sasser, Dollar Tree CEO. "More customers are shopping Dollar Tree, responding to our incredible values and convenient shopping experience. Our inventories are fresh and our stores are full of exciting merchandise for the spring season." 

During the fourth quarter, Dollar Tree opened 51 stores, expanded or relocated four stores and closed 12 stores. Retail selling square footage increased 6.9% compared to a year ago, to 43.2 million sq. ft.