Family Dollar Second Quarter Comparable Store Sales up 5.1%; Raises EPS Guidance to $0.97 to $0.98

Family Dollar Stores, Inc. FDO reported that net sales for the second quarter ended February 26, 2011, increased 8.3% to $2.26 billion from $2.09 billion in the second quarter ended February 27, 2010. Comparable store sales for the quarter increased 5.1%.

The Company now expects that earnings per diluted share for the second quarter of fiscal 2011 will be in the range of $0.97 to $0.98 per diluted share, compared with $0.81 per diluted share for the second quarter of fiscal 2010. The Company expects to report second quarter financial results on March 30, 2011, before the market opens.