Family Dollar declares earnings for Q4 & fiscal 2006
04 Oct '06
3 min read
Selling, general and administrative (SG&A) expenses, as a percentage of sales, were 28.4 percent in the fourth quarter of fiscal 2006 compared with 28.7 percent in the fourth quarter of fiscal 2005.
In the fourth quarter of fiscal 2006, the Company recorded net interest expense of approximately $1.4 million compared with net interest income of $0.9 million in the fourth quarter of fiscal 2005. The Company had no outstanding debt in the fourth quarter of fiscal 2005.
Full Year Results
As previously reported, sales for fiscal 2006 were approximately $6.395 billion, or 9.8 percent above sales of approximately $5.825 billion for fiscal 2005.
Sales of consumable merchandise and electronics, including pre-paid cellular phones and services, were the primary drivers of the sales increase.
The gross profit margin, as a percentage of sales, was 33.1 percent in fiscal 2006 compared to 32.9 percent in fiscal 2005. As a percentage of sales, a more favorable merchandise sales mix, better merchandise markup and lower shrinkage expense more than offset higher freight costs resulting from higher fuel costs.
In fiscal 2006, capital expenditures were $192.2 million compared with $229.1 million in fiscal 2005. Depreciation and amortization was $134.6 million in fiscal 2006 compared with $114.7 million in fiscal 2005.
marketing@alchempro.com
