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Family Dollar FY 2014 Outlook Cautious

Discount retailer, Family Dollar Stores Inc. said on Wednesday that it is bracing for a tough new fiscal year as shoppers are spending money only on essentials even as it handed better-than-expected fiscal fourth quarter profit, thanks to its costs cutting measures. However, sales in the latest period were weaker-than-expected and same-store-sales came in flat. Analysts had forecasted same-store-sales to grow by 2%. The Company said that both customer traffic and average money spent per transaction were also flat. For the current quarter, Family Dollar anticipates same-store-sales to show low-single digit percentage growth compared to 6.6% increase in the year-ago period.


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