Family Dollar Stores Inc reported that net sales for the five weeks ended October 6, 2007, increased 3.9% to approximately $614.2 million from $591.3 million for the comparable five-week period ended October 7, 2006.
Total sales increases for the five-week period were strongest in food, seasonal and prepaid services, while sales of apparel were softer.
Comparable store sales for the five-week period increased 0.5% when compared with sales for the similar five-week period last year. The Company had 6,438 stores as of October 6, 2007, including 20 new stores opened in the September period.
Outlook: The Company expects that comparable store sales for the October period ending November 3, 2007, will increase 0% to 2%.
Operating small store locations, Family Dollar is one of the fastest growing discount retail chains in the United States. Family Dollar offers a core assortment of name-brand and quality consumable merchandise supplemented by fashion and seasonal merchandise at everyday low prices.
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