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FAMILY DOLLAR EXPECTS RECORD THIRD QUARTER NET INCOME

 FAMILY DOLLAR EXPECTS RECORD THIRD QUARTER NET INCOME
 MATTHEWS, N.C., June 16 /PRNewswire/ -- Family Dollar Stores, Inc.


(NYSE: FDO), a discount store chain operating 1,832 stores in a 30-state area ranging as far northwest as Wisconsin, northeast to Massachusetts, southeast to Florida and southwest to Texas, announced that net income for the third quarter ended May 31, 1992, was expected to be approximately $15.0 million, or 23 percent above net income of $12.2 million for the third quarter ended May 31, 1991. Earnings per share, adjusted to reflect the two-for-one stock split effective Feb. 10, 1992, are estimated to have increased to approximately $.27 from $.22.
 As previously announced, sales for the third quarter ended May 31, 1992, were $279.8 million, or approximately 12 percent above sales of $250.1 million for the third quarter ended May 31, 1991. Sales in comparable stores for the third quarter ended May 31, 1992, increased approximately 5.5 percent above comparable store sales for the third quarter ended May 31, 1991.
 -0- 6/16/92
 /CONTACT: George R. Mahoney, Jr., Executive Vice President, Family Dollar Stores, Inc., 704-847-6961/
 (FDO) CO: Family Dollar Stores, Inc. ST: North Carolina IN: REA SU: ERP


CM -- CH002 -- 0500 06/16/92 08:53 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:212
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