Family Dollar raises Q4 guidance & declares Aug sales
31 Aug '06
2 min read
Family Dollar Stores Inc reported that net sales for the four weeks ended August 26, 2006, increased 9.0 percent to approximately $484.1 million from $444.2 million for the four weeks ended August 27, 2005.
Comparable store sales for the four-week period increased approximately 4.0 percent. The Company had 6,173 stores as of August 26, 2006, including 55 new stores opened in the fiscal August period.
On June 22, 2006, Family Dollar announced third quarter results and provided guidance that fourth quarter diluted earnings per share would be between $0.19 and $0.22.
The Company now expects that better than planned expense control and a more favorable merchandise mix will positively impact fourth quarter results.
The Company now expects diluted earnings per share for the fourth quarter to be between $0.22 and $0.24.
The Company expects that comparable store sales in the five-week period ending September 30, 2006, will increase 3 percent to 5 percent from the similar period in the prior fiscal year.
Fourth Quarter and Year-End Earnings Conference Call Information
Family Dollar will announce financial results for the fourth quarter and year ended August 26, 2006, on Thursday, September 28, 2006. The Company will host a conference call on September 28, 2006, at 10:00 A.M. ET to discuss the results.
A replay of the webcast will be available at the same address noted above after 2:00 P.M. ET, September 28, 2006.
marketing@alchempro.com
