Originally published at www.seclive.com
Family Dollar Stores Inc. (NYSE:FDO) announced its fourth quarter and full fiscal year 2013 financial results, reporting positive growth in revenue and sales. Fourth quarter net sales improved 5.8% to $2.5B, up from $2.4B the previous year. When excluding certain one-time charges, earnings per share were up from $0.75 a year ago to $0.86 this quarter. For the entire fiscal year 2013, sales increased 11.4% from $9.3B to $10.4B, while comparable store sales increased 3.0%. Net income improved 5.1% from $422.2M a year ago to $443.6M with earnings per share increasing 4.4% to $3.80. Chairman and CEO Howard Levine commented that the company posted record sales and earnings for both the quarter and full year and intends to continue its drive to continued growth, value, and profitability.
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