Family Dollar's Net Rises 33%, Boosts Fiscal-Year Outlook

Family Dollar Stores Inc.'s fiscal second-quarter net income surged 33% on strong sales of basics and staples such as food and cleaning supplies, prompting the discount retailer to raise its fiscal-year outlook.

Discounters have largely benefited in recent months from the economic downturn as shoppers turn to lower-cost outlets. Family Dollar's strategy, focused on value and convenience, continues to boost its store traffic and market share, according to Chief Executive Howard R. Levine.

Family Dollar has been reporting consistent growth, in part because of an expanded emphasis on food sales.

Read Full Article from Wall Street Journal

- Posted: 2009-04-08 07:48:07

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