Family Dollar Stores, Inc. – Value – Zacks Rank Buy
Tracey Ryniec (September 14th, 2008) Writes:
Despite the challenging economic environment, Family Dollar is doing something right as it continues to see an increase in same store sales. For August, sales rose 5.9% to $523.7 million from $494.4 million a year ago. Revenues for stores operating at least a year grew 3.6%.
The company said sales were strongest in the consumables category but were soft in apparel.
Sales were also strong in July, rising 7.2% over 2007.
Going forward, the company will no longer report monthly sales numbers and instead will only report quarterly sales.
When we reviewed it in July, Family Dollar was a Zacks #1 Rank (Strong Buy) but is now a Zacks #2 Rank (Buy) stock. The company
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