Family Dollar in fighting trim
September 28, 2006,
Matthews, N.C. -- Climbing back on track, helped by stepped-up sales of food and new merchandising programs, Family Dollar Stores pushed fourth-fiscal quarter profits up by 32.8% to $38.8 million from $29.2 million last year.
"Two years ago, Family Dollar began aggressively investing" in all three programs to boost sales and profitability," said Howard Levine, chairman and ceo. "These investments provided the foundation for this year's improved results."
The company also boosted gross margins while cutting overhead – and grew sales while trimming inventory.