Family Dollar Q4 Earnings Jump 40.7%

Family Dollar Stores on Friday said its fourth-quarter net income improved 40.7% to $53.2 million, on consumables sales increases sparked by government stimulus checks, along with internal cost controls.

MATTHEWS, N.C. — Family Dollar Stores here on Friday said its fourth-quarter net income improved 40.7% to $53.2 million, on consumables sales increases sparked by government stimulus checks, along with internal cost controls. The discounter previously reported that sales for the fourth quarter, which ended Aug. 30, were up by 8.2% to $1.8 billion and comparable-stores sales improved by 5.6%. Gross profit as a percent of sales dipped to 32.9% from 33.1% reflecting a greater portion of lower-ma

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