Friday, June 29, 2012

Family Dollar to sell more refrigerated and frozen foods

Family Dollar reported yesterday that they plan to continue to increase their assortment of food offered for sale, including a greater selection of refrigerated and frozen foods. Largely as a result of the company's partnership with McLane Co., Family Dollar said it added 150 food SKUs in February and expects to add 250 more by the end of July.

The SKUs added - or soon to be added - include the Pepsi line of products, as well as items like cheese, baby foods, snacks and drinks. In addition, Family Dollar increased the number of coolers at about 700 stores so far this year, and plans to add them in 700 more stores by the end of the summer.

The company reported that net income for the most recent quarter rose approximately 12% to $124.5 million. Sales increased 9.6% and comp-store sales rose 5%.

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