Family Dollar sees modest sales rise in 4Q

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.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!