US retailer Family Dollar Stores has seen its same-store sales accelerate in its fiscal third quarter.

The company today (3 June) posted a 7% rise in same-store sales for the three months to 29 May. Second-quarter same-store sales were up 3%.

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Family Dollar’s third-quarter net sales rose 8.4% to just under US$2bn.

“The investments we are making to accelerate revenue growth are delivering results,” said chairman and CEO Howard Levine.

“Reflecting sales results for the third quarter, we expect that earnings per diluted share for the third quarter will be near the upper end of the range of our original earnings expectations of $0.71 to $0.76 per diluted share.”

The retailer will publish its full financial results for its third quarter on 7 July.

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