Family Dollar Shares Down on Weaker Q1

MATTHEWS, N.C. — Stock in Family Dollar Stores was trading down nearly 7% Friday after the discounter said sales and margins were lighter than expected during its fiscal first quarter.

Family Dollar said net income for the quarter, which ended Nov. 26, increased 8.1% to $80.4 million on $2.1 billion in sales, a 7.6% increase. Comparable-store sales improved by 4.1% as consumable sales increased but discretionary categori

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