Correspondent, Consumer Products & Retail
Jessica's Feed
Oct 9, 2013

Family Dollar sales weaker than expected; shares fall

By Jessica Wohl

(Reuters) – Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it was taking a cautious approach to 2014 as shoppers focus on basics, and posted a better-than-expected quarterly profit as its focus on controlling costs helped offset weaker-than-expected sales.

The results showed Family Dollar was not weathering economic issues like higher payroll taxes as well as bigger discounter Dollar General Corp (DG.N: Quote, Profile, Research, Stock Buzz).

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