Family Dollar Stores Inc. said on Wednesday that its fiscal third-quarter earnings rose 19 percent, to $104.4 million from $87.7 million during the same quarter a year earlier. According to the company, same-store sales, a measure that compares store sales among locations that have been open for more than a year, increased last quarter due to increase in foot traffic.
“The environment remains challenging for consumers, and customers continue to buy close to need,” said Family Dollar Chairman and CEO Howard Levine in a statement. Family Dollar has benefited from the economic recession in the United States as consumers look for deals on necessities such as household products.
