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Dollar Store Merchandise was Last modified: April 17, 2018; "Next Update May 1st 2018"!!
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Same-store sales at Family Dollar inched up in September, meeting the company's revised expectations but still coming in slightly under analysts' projections.

Sales at Family Dollar stores that are more than a year old rose 0.5 percent in the month, compared to September 2006. Analysts polled by Reuters Estimates had expected growth of 0.7 percent.

Family Dollar, which has several locations in the Triangle, originally said that same-store sales would increase between 1 percent and 3 percent in the month. On Oct. 4, it revised that estimate, saying revenue for the month was expected to range from flat to up 1 percent.

Including new stores, year-to-year sales growth was 3.9 percent. Family Dollar posted revenue of $614.2 million during the five weeks ended Oct. 6. Matthews-based Family Dollar (NYSE: FDO) expects comparable-store sales in October to increase as much as 2 percent.

The company recently posted earnings figures above analysts' expectations. But it sounded alarm bells in a conference call, saying that volatile gas prices and other economic pressures could keep low-income customers away from stores.

Steps such as stocking more perishables and shuffling displays are being taken to ensure that customers keep coming to stores, the company said.

As of Oct. 6, the company operated 6,438 discount-chain stores in 44 states.

Shares of Family Dollar were up 1 percent in early-morning trading Thursday to $28.27.


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