Family Dollar sees momentum in 3Q

Matthrews, N.C. – Family Dollar’s third quarter sales rose 8.2% to $1.84 billion, the company announced today.

Comp sales at the 6,654-unit chain increased 6.2%. Family Dollar opened 26 new stores during the quarter.

”Our sales momentum continued through the third quarter, with comparable store sales increasing more than 7% through the first twelve weeks of the quarter. As expected, the last week of the reporting period was adversely affected by a shift of the first-of-the month money flow and our corresponding advertising into the June period,” said Howard Levine, chairman and ceo.

Strong consumables sales – up 13% -- offset ongoing weakness in discretionary categories, although Levine said the latter showed signs of improvement.

Family Dollar said it now expects earnings per diluted share for the third quarter will be at or above the upper end of its previously provided guidance of 54 cents to 58 cents.

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.

CURRENT ISSUE

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!