Woolworth expects higher quarterly earnings.
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F. W. Woolworth Co. will report increased income for its second quarter ended Aug. 3, reflecting higher profits in the retailer’s major divisions, according to John W. Lynn, chairman and chief executive. Although Lynn didn’t reveal the size of the increase, which is expected to be reported Wednesday, he said the gain is “solid.” Last year, Woolworth had second-quarter earnings of $19 million on sales of $1.36 billion.
