Comps dip, profits tumble for Family Dollar in Q1

Family Dollar Stores on Thursday reported a slight dip in comparable store sales and a big drop in profits during its fiscal first quarter.

Net earnings for the period, which ended Nov. 29, tumbled 47% to $41.4 million on sales of $2.6 billion, a 2.7% increase. Comparable store sales decreased by 1.2%. Officials said the Charlotte-based discounter was feeling the pain of a $50 million investment in lower everyday p

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