Not so much. Instead this general was shot with almost no time to even put the blindfold on, even as it narrowed guidance to the top end of a previous range.
- Discount-store operator Dollar Tree Inc. said Thursday that its same-store sales rose 2.2 percent during the fourth-quarter and raised its earnings guidance, citing strong business by bargain-hunting shoppers.
- Total quarterly sales jumped 6.8 percent to $1.39 billion, from $1.3 billion in last year's fiscal fourth quarter. "Dollar Tree continues to be right for the times," said President and Chief Executive Bob Sasser in a statement. "The expanded assortment of high-value basic consumable merchandise makes our stores more relevant and continues to drive sales." Sasser noted that Dollar Tree's holiday sales were strong despite a series of winter storms across the country in December.
- For the full year 2008, same-store sales rose 4.1 percent, and total sales jumped 9.5 percent to $4.64 billion from $4.24 billion in the prior year.
- Dollar Tree now expects fourth-quarter and full-year earnings within the top half of the company's previous guidance for each period.
As for DLTR ...in an instant the chart goes from "safe haven" to "death to Smoochie".