MATTHEWS, N.C., Dec. 1 /PRNewswire-FirstCall/ -- Family Dollar Stores,
Inc. (NYSE: FDO) reported that net sales for the four weeks ended November 26,
2005, increased 9.7% to approximately $502.1 million from $457.9 million for
the four weeks ended November 27, 2004. Comparable store sales for the four-
week period increased approximately 3.4%. The Company had 5,952 stores as of
November 26, 2005, including 37 new stores opened in the fiscal November
period and the stores that are currently closed because of the impact of
recent hurricanes.
Comparable Stores
Total Comparable Hardline Softline
Sales Sales Store Sales Sales Sales
(millions) Change Change % Change % Change
November $ 502.1 9.7 % 3.4 % 5.0 % -2.3 %
First Quarter $1,511.5 9.5 % 3.0 % 4.2 % -1.6 %
The Company expects that comparable store sales in the five-week period
ending December 31, 2005, will increase 2% to 4% from the similar period in
the prior fiscal year.
First Quarter Earnings Conference Call Information
Family Dollar will announce financial results for the first quarter ended
November 26, 2005, on Wednesday, December 21, 2005. The Company will host a
conference call on December 21, 2005, at 10:00 A.M. ET to discuss the results.
If you wish to participate, please call 1-888-935-0258 for domestic USA calls
and 773-756-0828 for international calls at least 10 minutes before the call
is scheduled to begin. The passcode for the conference call is "FAMILY
DOLLAR." A replay of the call will be available from 12:00 Noon ET, December
21, 2005, through December 27, 2005, by calling 1-866-502-6119 for domestic
USA calls and 203-369-1860 for international calls.
There also will be a live webcast of the conference call that can be
accessed at http://www.familydollar.com/investors.aspx?p=irhome. A replay of
the webcast will be available at the same address after 2:00 P.M. ET, December
21, 2005.
Cautionary Statements
Certain statements contained in this press release, including statements
regarding anticipated comparable store sales in future periods, are forward-
looking statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
address the Company's plans, activities or events which the Company expects
will or may occur in the future. Various risks, uncertainties and other
factors could cause actual results to differ materially from those expressed
in any forward-looking statements. Such risks, uncertainties and other
factors include, but are not limited to:
- competitive factors and pricing pressures, including energy prices,
- changes in economic conditions,
- the impact of acts of war or terrorism,
- changes in consumer demand and product mix,
- unusual weather or natural disasters that may impact sales and/or
operations,
- the impact of inflation,
- merchandise supply and pricing constraints,
- success of merchandising and marketing programs,
- general transportation or distribution delays,
- interruptions of and dependence on imports,
- changes in currency exchange rates, trade restrictions, tariffs,
quotas, and freight rates,
- delays associated with building, opening and operating new distribution
facilities,
- costs, potential problems and achievement of results associated with
the implementation of new programs, systems and technology, including
supply chain systems, store technology, cooler installations and Urban
Initiative programs,
- other operational difficulties,
- changes in food and energy prices and their impact on consumer spending
and the Company's costs,
- changes in the Company's ability to attract and retain employees.
Consequently, all of the forward-looking statements made by the Company in
this and other documents or statements are qualified by these and other
factors, risks and uncertainties, including those set forth under "Cautionary
Statement Regarding Forward-Looking Statements" in "Management's Discussion
and Analysis of Financial Condition" in the Company's Annual Report on Form
10-K. Readers are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date of this release. The
Company does not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that projected
results expressed or implied in such statements will not be realized.
About Family Dollar Stores, Inc.
With more than 5,900 stores in a 44-state area ranging as far northwest as
Idaho, 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 more than forty-six 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.
SOURCE Family Dollar Stores, Inc.
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Related links:
http://www.familydollar.com
Company News On-Call:
http://www.prnewswire.com/comp/300875.html
CONTACT:
Kiley F. Rawlins, CFA, Divisional Vice
President of Family Dollar Stores, Inc., +1-704-849-7496
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