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Family Dollar profit edges up in Q4; to open 500 stores in 2013
Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.
Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.
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Walgreens sales drop 7.8% in September
Deerfield, Ill. -- Walgreens reported Wednesday that total sales for the month of September fell 7.8% to $5.48 billion. Front-end sales dipped 0.4% and same-store sales for the front decreased 1.5%.
Customer traffic fell off 2.3% in September, but the biggest factor in the slowed performance was the 10.3% decrease in same-store prescription sales for the month.
Overall, same-store sales dropped 11.1%.