Dollar Tree, Inc. -- Moody's: Dollar Tree's better than expected fourth quarter results are credit positive, but no ratings impact at this time

New York, February 25, 2015 -- Moody's Investors Service today said that Dollar Tree, Inc.'s (Ba2/Stable) strong financial results for the fourth quarter and fiscal year ending January 31, 2015 are a credit positive, but will have no ratings impact at this time. The company reported a strong 5.6% same store sales growth in the fourth quarter driven primarily through a 3.4% increase in traffic. For the fiscal year 2014 the company reported one billion customer transactions and a 4.4% same store sales growth on a constant currency basis. The company's operating margin of 22.8% for fiscal year 2014 excluding acquisition related expenses demonstrated a 40 basis point improvement compared to fiscal 2013 despite higher freight costs related to domestic trucking rates. The strong operating performance of Dollar Tree demonstrates that the value proposition of its products continues to resonate with financially constrained consumers. The product mix of consumables, variety and seasonal products offers customers a wide choice at the one dollar price point.

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