Wednesday, October 7, 2009

Family Dollar, rocking Wall Street

Posted by Rhiannon Fionn-Bowman on Wed, Oct 7, 2009 at 5:38 PM

Hope you bought low, 'cuz now they're high.

Family Dollar Stores Inc. reports higher earnings for its fiscal fourth quarter ended Aug. 30.

The Matthews-based company earned nearly $60.1 million, or 43 cents per diluted share, in the latest quarter, up from $53.2 million, or 38 cents per diluted share, in the same period last year.

Revenue grew to $1.81 billion from $1.77 billion in the year-earlier period.

More from The Charlotte Business Journal.

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  • The Matthews-based business finds the economy's silver lining.

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