Family Dollar's consumables sales pressure profit

Retail Editor 3, Courtney Mueller, January 3, 2013

Matthews, N.C. - Sales and comps were up nicely during Family Dollar's first quarter, but the emphasis on low-margin consumables flattened profit.

Net income for the quarter ended Nov. 24 was $80.35 million, or 69 cents per share, compared to net income of $80.25million, or 68 cents per share in the year-ago period.
Sales climbed 12.7% to $2.42 billion compared, with sales up 18.5% in consumables, driven primarily by strong growth in tobacco, food and health and beauty aids.
Comps rose 6.6% on stronger traffic and a higher average customer transaction.
During the quarter, Family Dollar opened 125 new stores, closed one store, and renovated, relocated or expanded 169 stores.


Featured Video

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 digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!