Family Dollar Stores Reveals Its Numbers


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Fri. March 30th, 2012 - by Whit Grebitus

<p><strong>MATTHEWS, N.C.</strong> - Family Dollar Stores, Inc. is rolling out the numbers. The company has reported net income for the fiscal second quarter of 2012, which ended February 25th was $136.4 million, up 10.7% when compared to $123.2 million for the similar period in fiscal 2011. Net income per diluted share for the quarter was reported as $1.15, an increase of 17.3% when compared to $0.98 for the comparable 2011 quarter, according to a press release. Total net sales for the quarter increased 8.6% to $2.46 billion. Comparable store sales increased 4.5%. The increase in comparable store sales is attributed to increased customer traffic.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Howard Levine, Chairman and CEO. “I’m very pleased to report that we delivered our 16th consecutive quarter of double-digit earnings per share growth. Our investments to improve the shopping experience and broaden our customer appeal are gaining momentum and continue to drive higher returns for our shareholders.” Mr. Levine, continues, “Our strategy to provide value and convenience continues to resonate in this economic environment. As we execute against our strategic plan, our store teams are working hard to expand our merchandise assortment to better meet our customer’s needs and drive further market share gains.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>www.familydollar.com</p><hr class="legacyRuler"><hr class="invisible minimal-padding">