MATTHEWS, N.C. — Stock in Family Dollar Stores was up more than 12% Wednesday after the retailer said its annual earnings would exceed initial forecasts after a strong third quarter. Net earnings for the fiscal third quarter ended May 30 increased 35.5% to $87.7 million on strong sales, particularly of food and consumables, as well as gross profit increases stemming from lower freight expenses, reduced shrinkage and higher purchase mark-ups. The chain previously reported a quarterly sales ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.