Dollar Tree dives in pre-market after Q4 numbers disappoint
Gary Philbin - "For the year, we opened 603 new stores, exceeded $22 billion in sales and improved our operating margin by 80 basis points"
Company
NASDAQ:DLTR
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1. At January 29, 2011, the Company operated 4,101 discount variety retail stores.
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Gary Philbin - "For the year, we opened 603 new stores, exceeded $22 billion in sales and improved our operating margin by 80 basis points"
Both Nasdaq and S&P500 hit intraday highs ahead of the Thanksgiving holiday
The discount stores chain reported third quarter net income of US$239.9mln, or US$1.01 per share, up from US$171.6mln, or 73 US cents per share last year
The main benchmarks traded in a narrow range throughout the day
Also featured: Dollar Tree exceeds expectations, as does Tiffany & Co
Dollar Tree's saw more customers visiting its stores and spending more on average in the fourth quarter
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