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Family Dollar Q3 profit up, misses Street
Matthews, N.C. -- Family Dollar Stores' third-quarter net income increased 6.5% as broader markdowns drew more store traffic. Its results, however, fell short of analysts' expectations.
For the quarter ended May 28, Family Dollar had net income of $111.1 million, compared with $104.4 million a year earlier.
Revenue was up 8% to $2.15 billion. Same-store sales rose 4.7%.
Family Dollar said sales were strongest in consumables and home products. -
Cabela’s opens second Canadian location
Edmonton, Alberta -- Cabela's will open its first store in Canada’s Alberta province on Aug. 4. It is the second Cabela's to open in Canada.
The 70,000-sq.-ft. store will be built in Cabela's trademark style that showcases the best of the outdoors in a spectacular retail environment. The building's exterior will reflect Cabela's traditional store model with log construction, stonework, wood siding and metal roofing.