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Heard during Family Dollar's (FDO -0.4%) earnings call: 1) The retailer leans on the typical...

Heard during Family Dollar's (FDO -0.4%) earnings call: 1) The retailer leans on the typical excuses of higher gas prices and payroll tax hikes in explaining somewhat lean consumer spending trends. Sales of consumables and food were better than the home and apparel categories. 2) Execs note inventories are "clean" as the company heads into the spring and summer selling season. 3) A long-term goal of 5%-7% growth in square footage is set as Family Dollar remains on track to open 500 new stores in FY13. 4) The biggest takeaway could be that FDO expects consumers to remain constrained with discretionary spending this year. (webcast)
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