ABOUT THE COMPANY Dollar Tree Stores, Inc. is the nation’s largest extreme value store chain, selling merchandise at the $1.00 price point, every day. Since its humble beginnings as a stroke on a blank canvas, consisting of five stores in 1986, Dollar Tree has grown substantially, and today operates more than 2,700 stores in all 48 contiguous states, making it the only national dollar-store chain. Headquartered in Chesapeake,Virginia, the Company employs more than 35,000 associates nationwide, and continues to grow at the staggering rate of opening almost one store a day. A network of nine distribution centers enables the Company to efficiently deliver merchan- dise to its stor es, all across the country. Dollar Tree stores offer a wide variety of mer- chandise, including aisles full of amazing bargains, such as party supplies, brand name consumables, framed art, books, gift bags, DVDs, batteries, and e ven crystal stemware. Such a wide variety of merchandise available for onl y $1?!? That’s the Art  of the Possible! CONTENTS Letter to Shareholders 2 From the Chief Financial Officer 5 Narrative 6 Management’s Discussion & Analysis of  Financial Condition and Results of Operations 13 Report of Independent Registered Public Accounting Firm 26 Consolidated Statements of Operations 27 Consolidated Balance Sheets 28 Consolidated Statements of Shareholders’ Equity and Comprehensive Income (Loss) 29 Consolidated Statements of Cash Flows 30 Notes to Consolidated Financial Statements 31