Dollar Tree (NASDAQ: DLTR), the nation’s largest $1.00 discount variety store chain as it operates 3,474 stores in 48 states, recently announced a 2.1% increase in same store sales during the first quarter. In addition, the company recorded a 7.8% increase in total sales.

Dollar Tree sales’ during the first quarter were driven by food, health and beauty care, and party supplies. Customers will continued to be pressured by rising prices in 2008, which will add strength to Dollar Tree’s sales going forward.

“Sales were strong throughout the quarter and exceeded guidance,” President and CEO Bob Sasser said. “Dollar Tree is relevant for these challenging times. When customers are pressured by rising prices, they know that we have the things they need and want for just $1, everyday.”

The company will provide more detailed information regarding first quarter 2008 operating results, and provide guidance for the second quarter and the balance of fiscal 2008 during its upcoming earnings conference call scheduled for Wednesday, May 28, 2008, 9:00 a.m. EDT.

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