Family Dollar (FDO) Beats Market Expectations: Posts Higher Quarterly Profits

Family dollar (NYSE: FDO) fared well during Year 2009. Family Dollar recently beat market expectations and posted 14% higher Q1 profit figures. Its stock has gained 10% in last 12 months.

While talking with CNBC, Howard Levine, Chairman and CEO of Family dollar, discussed his company’s outlook for Year 2010. He said that the company operates 6,655 stores in 44 states. He also opined that the company still has a big area for growth domestic and international market. He also elaborated upon the new initiatives such as increasing the store hours. He said that the Family Dollar is planning to implement extended hours in all its stores by the end of the Second quarter.