Family Dollar 3Q Profit Rises

Matthews, N.C., Family Dollar Stores on Thursday said fiscal third-quarter profit rose 6% as customers spent more at stores.

Net income for the quarter ended June 2 rose to $60.4 million from $56.9 million in the same period last year. Revenue rose 5% to $1.65 billion from $1.57 billion last year.

As reported earlier in June, same-store sales rose 1.5%, helped by higher customer transactions, which offset a slight decline in traffic.

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