Family Dollar Stores, Inc.
Stock Symbol: FDO
10401 Old Monroe Road
Family Dollar Stores, Inc. Industry:
Family Dollar Stores, Inc. Description:
With more than 4,500 stores in a 41-state area ranging as far northwest as South Dakota, 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 over 40 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.
Family Dollar Stores, Inc. Financial Summary:
FDO operates more than 5,000 self-service retail discount stores in 43 states and the District of Columbia that are geared toward helping value-conscious families meet their basic shopping needs. For the FY ended 8/27/05, net sales rose 10% to $5.82B. Net income fell 16% to $217.5M. Results reflect increased comparable store sales and the addition of new stores opened, offset by lower gross margins and costs related to the urban initiative.
Family Dollar Stores, Inc. Business Summary:
Family Dollar Stores, Inc., incorporated in 1969, operates a chain of self-service retail discount stores. As of October 1, 2004, there were 5,481 stores in 44 states and the District of Columbia. During the fiscal year ended August 28, 2004 (fiscal 2004), 500 stores were opened, 61 stores were closed, 28 stores were relocated within the same shopping center or market area, 51 stores were expanded in size and 116 stores were renovated. From August 29, 2004, through October 1, 2004, the Company opened 18 new stores, closed three stores, relocated two stores, expanded seven stores and renovated 11 stores. The stores offer a variety of hardlines and softlines merchandise.