Retailer News / News

Family Dollar Sales Grow Again

July 3, 2012
/ Print / Reprints /
/ Text Size+

Matthews, N.C.-based Family Dollar said the expansion of health and beauty products, food items, and tobacco in stores in its fiscal third quarter led to its 17thconsecutive quarter of double-digit growth in earnings per share.

Family Dollar said same-store sales rose 5 percent in the quarter, while EPS gained 16.5 percent from a year earlier. The company expanded coolers in about 700 stores in the quarter to accommodate more food choices, and said it would add an additional 250 new food items this month.

It expanded HBA assortment by 25 percent, beginning in May, and introduced tobacco products in about 1,300 stores. The company also announced that Tammy DeBoer had joined Family Dollar as the vice president of private brands, taking over for Mary Rachide, who has resigned.

“Our game plan remains on track, and I’m very pleased with the progress we are making towards our long-term goals,” CEO Howard Levine told analysts on a conference call announcing the quarterly earnings, as transcribed by Seeking Alpha. “We are investing to increase our relevance to the customer to capture more trips … I am confident that these efforts will help us be a more compelling place to shop, work, and invest.”

Did you enjoy this article? Click here to subscribe to Private Label Buyer.

Recent Articles by Chris Freeman

You must login or register in order to post a comment.



Image Galleries

July 2014 New Food Products

This month’s new food products include coffee, energy bars, healthy pizza for kids, specialty sauces, Greek yogurt dip, gelato, puffed grain snacks, snack seasonings, and much more.


Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB July 2014 cover

July 2014

The July 2014 issue of Private Label Buyer includes articles on changing retail dynamics as well as category insights on store brand cosmetics and paper products. Check it out today!

Table Of Contents Subscribe


Which private label category is currently seeing the most innovation?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace


facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px