Family Dollar 2003 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2003 Family Dollar annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 38

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38

1
Family Dollar Stores, Inc. and Subsidiaries
Financial Highlights
August 30, August 31, Percentage
Years Ended (In thousands, except per share amounts) 2003 2002 Change
Net sales $4,750,171 $4,162,652 14.1%
Cost of sales 3,145,788 2,766,733 13.7
Gross margin 1,604,383 1,395,919 14.9
Selling, general and administrative expenses 1,214,658 1,054,298 15.2
Income before income taxes 389,725 341,621 14.1
Income taxes 142,250 124,692 14.1
Net income 247,475 216,929 14.1
Net income per common share—basic $1.44$1.26 14.3
Net income per common share—diluted $1.43$1.25 14.4
Dividends declared $49,890 $44,106 13.1
Dividends declared per common share $.29$.25
1⁄213.7
Customers
Growing our base of loyal and satisfied
customers by offering convenience and
great values
Merchandise
Growing our assortment of nationally adver-
tised name brand merchandise and improving
quality standards to bring greater value to
our customers
Stores
Growing our Company one new store at a
time, while offering exceptional value and
convenience to our neighborhood shoppers
Supply Chain
Growing efficiencies in the supply chain to
support our aggressive expansion plans
Locations
Growing our store base to meet the needs
of value-conscious consumers across
the country