Family Dollar ups Q2 outlook on strong sales

Matthews, N.C. Family Dollar Stores raised its fiscal second-quarter outlook Thursday as its same-store sales jumped 6.4% during the period, driven by an increase in sales of food and other consumable items. The results were well above the increase of 3% to 5% that the company had previously forecast.

Net sales for the second quarter ended Feb. 28 rose 8.7% to $1.99 billion, from $1.83 billion in the prior-year quarter.