Family Dollar Forecasts 4% Increase in Sales

Family Dollar Stores Inc estimated a 4.1 percent rise in net sales in the two months ended Jan. 31, weeks after the company's shareholders approved its acquisition by smaller rival Dollar Tree Inc.

Family Dollar said on Wednesday net sales rose to $1.94 billion from $1.86 billion, a year earlier.

The company's same-store sales rose 1.7 percent in the period, which included the holiday shopping season.

Family Dollar's first quarter will end on Feb. 28. (Reporting by Shailaja Sharma in Bengaluru; Editing by Kirti Pandey)