Dollar Tree, Inc. (NASDAQ: DLTR), the nation’s largest discount variety store chain selling everything for $1 or less, reported consolidated net sales of $1.20 billion for the quarter ended May 2, 2009 (“first quarter”), a 14.2% increase compared to $1.05 billion reported for the quarter ended May 3, 2008. Comparable-store sales for the first quarter increased 9.2%. Sales exceeded the high end of the Company’s first quarter guidance range by approximately $40 million.

“Sales were above plan throughout the quarter,” President and CEO Bob Sasser said. “Our seasonal performance was very strong from Valentine’s Day through Easter, with excellent sell-through. Our traffic continues to grow, as more and more customers rely on Dollar Tree’s extreme value for everyday needs and special occasions. Leading categories in the first quarter included health and beauty care basics, household cleaning supplies, party goods and food.”

The Company will provide more detailed information about its first quarter 2009 operating results and provide guidance for the second quarter and the balance of fiscal 2009 during its upcoming earnings conference call scheduled for Wednesday, May 27, 2009, 9:00 a.m. EDT. The telephone number for the call is 866-575-6537. A recorded version of the call will be available until midnight Wednesday, June 3, and may be accessed by dialing 888-203-1112 and the access code is 6346876. International callers may dial 719-457-0820 and the access code is 6346876. A webcast of the call will be accessible through Dollar Tree’s website, www.dollartreeinfo.com/investors/news/events.

Dollar Tree, a Fortune 500 Company, operated 3,667 stores in 48 states as of May 2, 2009, compared to a total of 3,474 stores in 48 states a year ago. During the fiscal first quarter of 2009, the Company opened 79 stores, closed 3 stores and expanded or relocated 25 stores. The Company’s retail selling square footage totaled approximately 31.0 million at May 2, 2009, a 6.4% increase compared to a year ago. The Company also operates a coast-to-coast logistics network of nine distribution centers. To learn more about the Company, visit www.Dollartree.com.

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