Family Dollar 2005 Annual Report Download

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ANNUAL฀REPORT฀2005
FAMILY฀DOLLAR฀STORES,฀INC.฀฀ ■฀฀Post฀Office฀Box฀1017฀฀ ■฀฀Charlotte,฀North฀Carolina฀28201-1017฀฀ ■฀฀www.familydollar.com
Corporate฀Headquarters
Post฀Office฀Box฀1017
Charlotte,฀North฀Carolina฀28201-1017
Telephone฀704-847-6961
www.familydollar.com
Shares฀Listed
New฀York฀Stock฀Exchange
Ticker฀S ymbol:฀FDO
value
value

Table of contents

  • Page 1
    value ANNUAL฀REPORT฀2005

  • Page 2
    ...the฀year฀ended฀August฀27,฀2005. Family฀ Dollar฀ operates฀ small฀ stores,฀...urban฀areas.฀Within฀these฀markets,฀stores฀are฀located฀ in฀ shopping฀ centers,฀ freestanding฀ buildings฀ or฀ in฀ urban฀ storefronts฀ convenient฀to฀the฀Company's฀value...

  • Page 3
    ... Stores, Inc. At the heart of Family Dollar's mission is the determination to provide exceptional value to the people who are the most important to us - our Shareholders, our Customers and our Associates. The Cooler Initiative: O ur sto re s pro vide value and co nve nie nce to o ur Custo me rs...

  • Page 4
    ...in annual ho useho ld inco me has increased mo re than ten percent, and the number o f families with inco me belo w the po verty level has g ro wn almo st eig ht percent. Clearly, an increasing number o f peo ple need the values that Family Do llar o ffers. As I reflect o n o ur perfo rmance in 2005...

  • Page 5
    ... Family Dollar for future profitable growth." refrigerated co o lers in abo ut 1,000 sto res last year . This year we will expand the ro llo ut to an additio nal 2,500 sto res, and by the end o f 2006, mo re than half o f o ur chain will have refrigerated co o lers. In 2005, we launched o ur Urban...

  • Page 6
    ... have co o le rs in mo re than half o ur chain. Ultimate ly, we e xpe ct to install re frig e rate d co o le rs in almo st all o f o ur sto re s. O ffe ring e ve ryday fo o d ne ce ssitie s will ke e p o ur Custo me rs co ming b ack to Family Do llar day in and day o ut. 4

  • Page 7
    FA M ILY D O LLA R STO RES, IN C. A N N UA L REPO RT 2005 " Family Dollar always has just what I need. My family and I value both the savings and the convenience." Gloria and Kyla, Family Dollar Customers 5

  • Page 8
    ... o pe ratio ns and drive hig he r financial pe rfo ...te chno lo g y to cre ate a pipe line o f q ualifie d urb an sto re ...sale s. The marg inal co ntrib utio n o f the incre me ntal sale s is no w o ffse tting the incre me ntal co st, b ut o ur g o al is to cre ate e ve n mo re value fo r o ur Share...

  • Page 9
    FA M ILY D O LLA R STO RES, IN C. A N N UA L REPO RT 2005 " I am proud to manage a store where we bring value to Customers in my community." Trina and Wanda, Family Dollar Associates 7

  • Page 10
    ... nsistently pro vide at o ur g reat, everyday lo w prices. But they also tell us ho w much they lo ve finding unexpected " treasures" that add excitement and " WO W!" to their sho pping trips. While we co ntinue to pro vide mo re value fo r o ur Custo me rs b y adding b rand name , b asic co nsumab...

  • Page 11
    FA M ILY D O LLA R STO RES, IN C. A N N UA L REPO RT 2005 " My son thinks your toys are the coolest. I just think they're an amazing value." Heather and Brock, Family Dollar Customers 9

  • Page 12
    ... o f the fiscal ye ar, we cre ate d unne ce ssary co st and o pe ratio nal ine fficie ncie s. To cre ate mo re value fo r o ur Share ho lde rs, we will slo w o ur ne w sto re g ro wth to ab o ut 400 sto re s in 2006 and b uild pro ce sse s that suppo rt...

  • Page 13
    FA M ILY D O LLA R STO RES, IN C. A N N UA L REPO RT 2005 "Opening new stores is just one way we serve our expanding Customer base and bring value to our Shareholders." Patty, Family Dollar Store Manager 11

  • Page 14
    ... with a co mpelling place to wo rk. To achieve this o bjective, we have invested in building career paths fo r each po sitio n to create develo pment cho ices fo r tho se Asso ciates who wish to g ro w in their careers with the Co mpany. Here at Family Do llar, we prefer to pro mo te talented Asso...

  • Page 15
    FA M ILY D O LLA R STO RES, IN C. A N N UA L REPO RT 2005 " The opportunities that Family Dollar offers let me know they value me as an Associate." Brian, Family Dollar Distribution Center Associate 13

  • Page 16
    value Family Do llar Sto re s, Inc. and Sub sidiarie s Family Dollar Stores, Inc. Financial Hig hlig hts As o f Aug ust 27, 2005 Years Ended (In thousand s, e xce p t p e r share amounts and store d ata) August 27, 2005 Aug ust 28, 2004 Ne t sale s Co st o f sale s Gro ss marg in Se lling , g ...

  • Page 17
    ...Distribution Center 318 West Memphis Distribution Center Marianna Distribution Center Distribution Service Areas* M arianna, Florida 907,000 Sq uare Fe e t O pe ne d 2005 Number of Stores as of fiscal year end Duncan, Oklahoma 907,000 Sq uare Fe e t O pe ne d 1999 Odessa, Texas 907,000 Sq uare...

  • Page 18
    ... 2005, which include s as Exhib its the Chie f Exe cutive O ffice r and Chie f Financial O ffice r Ce rtificatio ns re q uire d to b e file d with the SEC pursuant to Se ctio n 302 o f the Sarb ane s-O xle y Act, may b e o b taine d b y share ho lde rs witho ut charg e upo n writte n re q ue st...

  • Page 19

  • Page 20
    value FAMILY฀DOLLAR฀STORES,฀INC.฀฀ â- ฀฀Post฀Office฀Box฀1017฀฀ â- ฀฀Charlotte,฀North฀Carolina฀28201-1017฀฀ â- ฀฀www.familydollar.com