Family Dollar Profit Dips; Shares Rise

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This morning, Family Dollar Stores (FDO) reported quarterly earnings of $120.9 million, or $1.05 per share, topping Wall Street estimates but falling year-over-year. The discount retailer saw sales rise by 9% to $2.57 billion in the quarter ending June 1st, but just a 2.9% increase to same store sales.

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