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.

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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)