Family Dollar Soars on Q3 Earnings

Stock in Family Dollar Stores was up more than 12% Wednesday after the retailer said its annual earnings would exceed initial forecasts after a strong third quarter.

MATTHEWS, N.C. — Stock in Family Dollar Stores was up more than 12% Wednesday after the retailer said its annual earnings would exceed initial forecasts after a strong third quarter.

Net earnings for the fiscal third quarter ended May 30 increased 35.5% to $87.7 million on strong sales, particularly of food and consumables, as well as gross profit increases stemming from lower freight expenses, reduced shrinkage and higher purchase mark-ups. The chain previously reported a quar

Register to view the full article

test - Advanced Registered User

Already a member? .