Family Dollar Reports First Quarter Sales and Earnings

Family Dollar Stores, Inc. FDO today reported that net sales for the first quarter of fiscal 2011 ended November 27, 2010, increased 9.5% to $1.997 billion compared to $1.823 billion in the first quarter of fiscal 2010. Net income for the quarter increased 9.9% to $74.3 million compared with net income of $67.6 million for the first quarter of fiscal 2010. Net income per diluted share for the quarter increased 18.4% to $0.58 compared with $0.49 for the first quarter of fiscal 2010.