Family Dollar Reports Sales for March

Apr 12, 2001, 01:00 ET from Family Dollar Stores, Inc.

    MATTHEWS, N.C., April 12 /PRNewswire/ --
     Family Dollar Stores, Inc. (NYSE:   FDO), a discount store chain operating
 3,956 stores in 39 states, reported sales for the five week period ended April
 7, 2001, of approximately $326.0 million or 11.8% above sales of $291.5
 million for the similar period in the prior year.  Sales in existing stores
 for the five week period ended April 7, 2001, are estimated to have increased
 approximately 1.0% above existing store sales for the similar period in the
 prior year, including an increase of approximately 7.4% in sales of hardlines
 and a decrease of approximately 14.1% in sales of softlines.
     The increase in sales in the five week period ended April 7, 2001, was
 achieved despite the fact that the Company eliminated an advertising circular
 that was distributed last year in the last week of March.  The Company
 believes the circular elimination reduced sales in existing stores for the
 five week period by an estimated 2.0% to 2.5%.  Sales also were adversely
 impacted by unseasonable weather in parts of the Company's operating territory
 during much of the five week period.
     For the thirty-two week period ended April 7, 2001, sales were
 approximately $2,183.5 million or 17.2% above sales of $1,862.8 million for
 the thirty-one week period ended April 1, 2000.  The calendar followed by the
 Company and most retailers included a non-comparative fifth week in January
 resulting in an extra week in this fiscal year.  Excluding the non-comparative
 fifth week in January, sales in existing stores for comparable thirty-one week
 periods are estimated to have increased approximately 2.9%, including an
 increase of approximately 7.5% in sales of hardlines and a decrease of
 approximately 8.9% in sales of softlines.
     As previously announced, for the four week period ending May 5, 2001, and
 for the balance of the fiscal year ending September 1, 2001, the Company's
 plan is for sales in existing stores to increase in the 3% to 5% range.
 
 

SOURCE Family Dollar Stores, Inc.
    MATTHEWS, N.C., April 12 /PRNewswire/ --
     Family Dollar Stores, Inc. (NYSE:   FDO), a discount store chain operating
 3,956 stores in 39 states, reported sales for the five week period ended April
 7, 2001, of approximately $326.0 million or 11.8% above sales of $291.5
 million for the similar period in the prior year.  Sales in existing stores
 for the five week period ended April 7, 2001, are estimated to have increased
 approximately 1.0% above existing store sales for the similar period in the
 prior year, including an increase of approximately 7.4% in sales of hardlines
 and a decrease of approximately 14.1% in sales of softlines.
     The increase in sales in the five week period ended April 7, 2001, was
 achieved despite the fact that the Company eliminated an advertising circular
 that was distributed last year in the last week of March.  The Company
 believes the circular elimination reduced sales in existing stores for the
 five week period by an estimated 2.0% to 2.5%.  Sales also were adversely
 impacted by unseasonable weather in parts of the Company's operating territory
 during much of the five week period.
     For the thirty-two week period ended April 7, 2001, sales were
 approximately $2,183.5 million or 17.2% above sales of $1,862.8 million for
 the thirty-one week period ended April 1, 2000.  The calendar followed by the
 Company and most retailers included a non-comparative fifth week in January
 resulting in an extra week in this fiscal year.  Excluding the non-comparative
 fifth week in January, sales in existing stores for comparable thirty-one week
 periods are estimated to have increased approximately 2.9%, including an
 increase of approximately 7.5% in sales of hardlines and a decrease of
 approximately 8.9% in sales of softlines.
     As previously announced, for the four week period ending May 5, 2001, and
 for the balance of the fiscal year ending September 1, 2001, the Company's
 plan is for sales in existing stores to increase in the 3% to 5% range.
 
 SOURCE  Family Dollar Stores, Inc.

RELATED LINKS

http://www.familydollar.com