(MATTHEWS) -- Family Dollar Stores, Inc. reported record fiscal second quarter earnings. The Matthews-based discount retailer recorded net income of $123.2 million. This compared to $112.2 million during the same period last year.

“Over the last several years, we have accelerated capability-building investments and increased our efforts to improve the in-store shopping experience. These investments have provided a solid foundation for the successful launch of our strategic plan to re-accelerate revenue growth, expand operating margins and optimize our capital structure,” said Howard Levine, Family Dollar Chairman and CEO.

Family Dollar's fiscal second quarter sales were approximately $2.263 billion. This is an improvement over $2.090 billion for the second quarter of fiscal 2010.