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FAMILY DOLLAR REPORTS SALES FOR THE MONTH OF AUGUST, AND FOR THE FOURTH QUARTER AND THE FISCAL YEAR 1992

 FAMILY DOLLAR REPORTS SALES FOR THE MONTH OF AUGUST,
 AND FOR THE FOURTH QUARTER AND THE FISCAL YEAR 1992
 MATTHEWS, N.C., Sept. 9 /PRNewswire/ -- Family Dollar Stores, Inc. (NYSE: FDO), a discount store chain operating 1,887 stores in 31 states, reported sales for the month of August 1992 of approximately $99.6 million, or 7 percent above sales of $93.2 million for the month of August 1991. Sales in comparable stores for the month of August 1992 decreased approximately 1 percent below comparable store sales for the month of August 1991. Sales in August were affected by a late Labor Day which fell on September 7 this year versus September 2 last year. In 1991, the Company distributed an advertising circular in the last week of August to take advantage of the early Labor Day. In 1992, the advertising circular was moved back to the first week of September. The timing of this circular aided sales in August 1991 and depressed sales in September 1991, and depressed sales in August 1992 and is aiding sales in September 1992. Due to this promotional schedule, the Company planned for sales in comparable stores to be down in August 1992, and for sales in comparable stores to increase by more than 10 percent in September 1992. Sales in the first week of September 1992 have been very strong and support the Company's plan.
 For the fourth quarter ended August 31, 1992, sales were approximately $297.2 million, or 15.5 percent above sales of $257.3 million for the fourth quarter ended August 31, 1991. Sales in comparable stores for the fourth quarter ended August 31, 1992, increased approximately 7 percent above comparable store sales for the prior fourth quarter.
 For the fiscal year ended August 31, 1992, sales were approximately $1,158.7 million or 17 percent above sales of $989.3 million for the fiscal year ended August 31, 1991. Sales in comparable stores for the fiscal year ended August 31, 1992, increased approximately 10 percent above comparable store sales for the prior fiscal year.
 -0- 9/9/92
 /CONTACT: George R. Mahoney Jr., Executive Vice President, Family Dollar Stores, 704-847-6961/
 (FDO) CO: Family Dollar Stores, Inc. ST: North Carolina IN: REA SU:


JZ -- CH001 -- 7364 09/09/92 09:05 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
Words:384
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