Family Dollar 1Q: sales, comps up; profits down

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.

Profits fell by 5.6 percent, to $51.4 million from $54.4 million for the period, hit by the cost of installing refrigerated coolers, adding new stores and new merchandising programs. Operating costs climbed by 90 basis points, or nine-tenths of a percentage point, to 28.1 percent of sales from 27.2 percent a year ago.

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.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    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.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!