Family Dollar rings up profitable 3Q
June 29, 2011,
Matthews, N.C. - The home department was a strong performer at Family Dollar during the company's recently completed third quarter.
Sales in the home department rose 8.2% during the quarter ended May 28, exceeded only by the consumables segment, where sales rose 10.6%.
All in all, the quarter came in softer than expected, and Family Dollar's 91 cents earnings per share - while up 18.2% - fell a penny below guidance.
Net income was $111 million on sales of $2.15 billion. Sales were up 7.8%, with comps up 4.7% owing to better traffic and higher ticket.