Family Dollar Boosts Margins, Profits

Better-than-expected gross margins and tight control of expenses boosted Family Dollar’s quarterly net income by 7%, the retailer said Wednesday.

MATTHEWS, N.C. — Better-than-expected gross margins and tight control of expenses boosted Family Dollar’s quarterly net income by 7%, the retailer here said Wednesday. For the third quarter ended May 31, Family Dollar reported earnings of $64.7 million on sales of $1.7 billion. Although gross margin as a percent of sales decreased slightly from the same period last year, to 34.6% from 34.9%, the performance was better than officials had anticipated. The decline accompanied a greater shift tow

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