Family Dollar sees modest sales rise in 4Q
Gary Evans -- Home Textiles Today, September 3, 2009
Matthews, N.C. – Family Dollar Stores reported a 2.6% increase in sales for the fourth quarter, which ended Aug. 29. Comps rose 1.0%.
“As expected, our fourth-quarter sales results were impacted as we anniversaried the effect of last year’s stimulus package," said Howard Levine, chairman and ceo. He noted the company also made significant investment in store improvements, re-aligned space in nearly half of 6,655-store chain.
With fourth quarter sales of $1.8 billion, full-year sales rose 4.0% to $7.4 billion.
The company expects earnings per share for the quarter will be between 39 cents and 43 cents. Family Dollar will report full results next month.