Family Dollar Store's second quarter profits rose 33.4% or 81 cents per share.

Family Dollar said that it hopes to see its third-quarter income of 71 cents to 76 cents per share, up from 62 cents in the similar quarter the previous year. It sees equivalent sales for the quarter up 6% to 8%.

For the financial year's first quarter, Family Dollar Stores Inc.'s earnings managed to rise by 14%, going beyond the estimates pegged by analysts. The rise has been attributed to fewer markdowns for holiday season and lower freight costs, which boosted profitability.