Family Dollar 2008 Annual Report Download - page 14

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’04 ’05 ’06 ’07 ’08
Net Sales
(millions of dollars)
’04 ’05 ’06 ’07 ’08 ’04 ’05 ’06 ’07 ’08 ’04 ’05 ’06 ’07 ’08 ’04 ’05 ’06 ’07 ’08
Net Income
(millions of dollars)
Return
on Average
Shareholders’
Equity
(percent)
Comparable Store
Sales Gains
(percent)
Net Income
Per Diluted
Common Share
5,282
5,825
6,395
6,834
6,984
19.6
15.7
14.8
20.4
19.2
258
218
195
243
233
1.9
2.3
3.7
0.9
1.2
1.50
1.30
1.26
1.62
1.66
Years Ended (In thousands, except per share amounts) August 30, 2008 September 1, 2007 August 26, 2006
Net sales $ 6,983,628 $ 6,834,305 $ 6,394,772
Cost of sales 4,637,826 4,512,242 4,276,466
Gross margin 2,345,802 2,322,063 2,118,306
Selling, general and administrative expenses 1,980,496 1,933,430 1,756,001
Litigation charge — — 45,000
Operating profit 365,306 388,633 317,305
Interest, net 3,544 6,737 6,161
Income before income taxes 361,762 381,896 311,144
Income taxes 128,689 139,042 116,033
Net income $ 233,073 $ 242,854 $ 195,111
Net income per common share – basic $ 1.66 $ 1.63 $ 1.26
Net income per common share – diluted $ 1.66 $ 1.62 $ 1.26
Dividends declared $ 68,537 $ 66,361 $ 62,757
Dividends declared per common share $ 0.49 $ 0.45 $ 0.41
Cash and investment securities $ 158,502 $ 284,671 $ 216,232
Total assets $ 2,661,782 $ 2,624,156 $ 2,523,029
Working capital $ 275,106 $ 406,977 $ 432,737
Long-term debt $ 250,000 $ 250,000 $ 250,000
Shareholders’ equity $ 1,254,083 $ 1,174,641 $ 1,208,393
Comparable store sales gain 1.2% 0.9% 3.7%
Stores opened 205 300 350
Stores closed 64 43 75
Number of stores – end of year 6,571 6,430 6,173
Family Dollar Financial Highlights
12