Family Dollar Stores 2Q comps growth driven by consumables
MATTHEWS, N.C. Family Dollar Stores reported that net sales for the fourth quarter ended Aug. 28, increased 8% to $1.96 billion from $1.81 billion in the fourth quarter ended Aug. 29, 2009. Comparable-store sales for the quarter increased 6.1%. Sales during the quarter were strongest in the consumables category, the company reported.
“Customers continue to respond well to the values and convenience we offer,” said Howard Levine, chairman and CEO. “In fiscal 2010, we enhanced our assortment, worked to make our stores easier to shop, and expanded our operating hours to provide our customers with more convenience. These investments have delivered solid results and position us well for continued growth in fiscal 2011.”