(Source: Datamonitor)
General merchandise store operator Family Dollar Stores has reported a net income of $60.12 million, or $0.43 per diluted share, for the fourth quarter ended August 29, 2009, up 13%, compared to $53.15 million, or $0.38 per diluted share, for the same quarter of fiscal 2008.
For the fourth quarter of fiscal 2009, net sales were $1.81 billion, up 2.6%, compared to $1.77 billion for the same quarter of fiscal 2008.
For fiscal 2009, net sales were $7.4 billion, up 6%, compared to $6.98 billion for fiscal 2008. Net income was $291.27 million, or $2.07 per diluted share, up 25%, compared to $233.07 million, or $1.66 per diluted share, for fiscal 2008.
Howard Levine, chairman and CEO of Family Dollar Stores, said: "Despite the challenges resulting from a rapidly changing economic environment, our team has delivered a strong performance this year, driving improvements across most key metrics, including increased customer traffic, operating margin expansion, earnings-per-share growth, greater inventory productivity and higher employee retention."
A service of YellowBrix, Inc.
