FDO 2 cents above..Family Dollar Reports Record Sales And Earnings For First Quarter Ended <FDO.N>... not best day for an earnings report..
Family Dollar Reports Record Sales And Earnings
For First Quarter Ended November 30, 1997;
December Sales Also At Record Levels
MATTHEWS, N.C., Jan. 6 /PRNewswire/ -- Family Dollar Stores, Inc.
(NYSE: FDO), a discount store chain operating 2,867 stores in a contiguous 38-state area, reported the highest first quarter sales and earnings in the Company's history. For the first quarter ended November 30, 1997, sales were $542,747,097, or 19.3 percent above sales of $454,882,647 for the first quarter of the prior fiscal year. Net income was $24,326,969, or 40.1 percent above net income of $17,359,822 for the first quarter of the prior fiscal year, and net income per share, adjusted to reflect the three for two stock
split effective July 15, 1997, increased to $.28 from $.20. |
