Family Dollar numbers up 12 percent

Hogsett, Don
March 2004
Home Textiles Today;3/26/2004, Vol. 25 Issue 29, p129
Trade Publication
With sales climbing at a strong double digit pace, lifted by continued rapid expansion, second-fiscal quarter profits at Family Dollar Stores Inc. climbed by 12 percent, to $81.4 million from $72.7 million last year. Sales at the value-pricing, neighborhood small-store retailer climbed 11.7 percent, to $1.4 billion from $1.3 billion last year. Same-store sales improved by 2.2 percent, with a 3.2 percent increase in hardlines partly offset by a 1.2 percent drop in softlines. Average gross margin improved by 60 basis points.


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