Family Dollar posts strong Q3 results driven by efforts
22 Jun '06
4 min read
The Company's inventories at the end of the third quarter of fiscal 2006 were $1,028.2 million, or 3.8 Percent above inventories of $990.8 million at the end of the third quarter of fiscal 2005. Inventory on a per store basis at the end of the third quarter of fiscal 2006 was approximately 3 Percent lower than inventory per store at the end of the third quarter of fiscal 2005.
In the first three quarters of fiscal 2006, capital expenditures were $144.4 million compared with $147.7 million in the first three quarters of fiscal 2005. For the full year, the Company expects total capital expenditures to be between $200 million and $210 million. For the first three quarters of fiscal 2006, depreciation and amortization was $99.0 million compared with $83.2 million in the first three quarters of fiscal 2005.
With more than 6,000 stores in a 44-state area ranging as far northwest as Idaho, northeast to Maine, southeast to Florida, and southwest to Arizona, Family Dollar is one of the fastest growing discount store chains in the United States.
Family Dollar has provided value-conscious consumers with competitive prices at neighborhood stores for more than forty-six years. Offering a consistent selection of name-brand and good quality merchandise in an attractive and convenient shopping environment, the Company is focused on continuing to meet the needs of shoppers looking for excellent value.
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