Family Dollar profits up 12 percent
March 23, 2004,
MATTHEWS, N.C. — With sales climbing at a strong double-digit pace, lifted by continued rapid expansion, second-fiscal quarter profits at Family Dollar Stores Inc. climbed 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 2.2 percent, with a 3.2 percent increase in hardlines partly offset by a 1.2 percent drop in softlines.
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