• Thomas Russell

Family Dollar rings up profitable 3Q

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%.

Promotional activity drove home sales, executives said during the company's quarterly conference call this morning.

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.

 

 

Thomas RussellThomas Russell | Associate Editor, FurnitureToday
trussell@furnituretoday.com

I'm Tom Russell and have worked at Furniture/Today since August 2003. Since then, I have covered the international side of the business from a logistics and sourcing standpoint. Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain perspective about the industry in that part of the world. As I continue covering the import side of the business, I look forward to building on that knowledge base through conversations with industry officials and future overseas plant tours. From time to time, I will file news and other industry perspectives online and, as always, welcome your response to these Web postings.

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