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Family Dollar Q3 same-store sales up 6.2%


Matthews, N.C. Family Dollar Stores reported that net sales for the third quarter ended May 30, increased 8.2% to approximately $1.84 billion compared with $1.70 billion for the third quarter ended May 31, 2008. Same-store sales for the third quarter increased 6.2%.

"Our sales momentum continued through the third quarter, with comparable store sales increasing more than 7% through the first twelve weeks of the quarter. As expected, the last week of the reporting period was adversely affected by a shift of the first-of-the month money flow and our corresponding advertising into the June period,” said Howard R. Levine, chairman and CEO. “Sales of consumable merchandise continued to be strong, increasing approximately 13% during the quarter. Notably, sales trends in several discretionary categories improved from what we saw in the second quarter.”

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