Family Dollar Stores Inc reported that net sales for the four weeks ended November 25, 2006, increased 8.0 percent to approximately $542.5 million from $502.1 million for the four weeks ended November 26, 2005.
Sales increases for the November period were the strongest in refrigerated food, electronics, including pre-paid cellular phones and services, and toys.
Sales of apparel were soft. The Company had 6,252 stores as of November 25, 2006, including 22 new stores opened in the fiscal November period.
Comparable store sales for the four-week period increased approximately 2.5 percent. The Company estimates that sales in 17 markets, which include approximately 600 stores, were positively impacted by hurricanes last year during the period.
The Company estimates that comparable store sales in markets not impacted by the hurricanes increased approximately 3 percent in the November period.
The Company expects that comparable store sales in the five-week period ending December 30, 2006, will increase 1 percent to 3 percent from the similar period in the prior fiscal year.
First Quarter Earnings Conference Call Information Family Dollar plans to announce financial results for the first quarter ended November 25, 2006, on Wednesday, December 20, 2006. The Company plans to host a conference call on December 20, 2006, at 10:00 A.M. ET to discuss the results.
If you wish to participate, please call 1-888-215-0829 for domestic USA calls and 1-706-634-8796 for international calls at least 10 minutes before the call is scheduled to begin.
The conference ID for the conference call is 3328533 and the meeting leader is Ms. Kiley Rawlins. A replay of the call will be available from 12:00 P.M. ET, December 20, 2006, through 5:00 PM ET, December 27, 2006, by calling 1-800-642-1687 for domestic USA calls and 1-706-645-9291 for international calls. The conference ID for the replay is 3328533.
A replay of the webcast will be available at the same address noted above after 2:00 P.M. ET, December 20, 2006.
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