Family Dollar 1Q: sales, comps up; profits down
December 21, 2005,
MATTHEWS, N.C. — Even though sales climbed at a double-digit pace, first quarter profits dropped by more than five percent at Family Dollar Stores, hit by rising costs and higher interest expense tied to store upgrades.
Helped by new store openings, sales improved by 9.5 percent, to $1.5 billion from $1.4 billion. Same-store sales rose by 3.0 percent.
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