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Family Dollar profit edges up in Q4; to open 500 stores in 2013
Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.
Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.