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Family Dollar Stores Inc. (FDO) announced its financial results for the first quarter of the 2014 fiscal year, posting earnings that edged downward from a year ago. The company attributes its performance to the fact that lower-income shoppers continue to face increased economic pressure. Net sales increased 3.2% to $2.50B, falling just short of $2.51B analyst estimates. Comparable-store sales decreased 2.8% as a result of a lower average transaction value and lower volumes. Family Dollar earnings fell from $80.3M and $0.69 per share to $78.0M and $0.68 per share, just missing analyst predictions of $0.69 per share. CEO Howard Levine commented that the company’s performance was affected by an increased promotional environment and customer economic uncertainty.