(MATTHEWS) -- Family Dollar Stores, Inc. reported record third quarter fiscal year net income of $111.1 million compared to net income of $104.4 million for the third quarter of fiscal 2010.  Net sales for the period increased to $2.153 billion, setting another record for the Matthews based discount retailer.

“We accomplished much this quarter to position us to capture greater market share and execute our longer-term vision for Family Dollar,” said Howard Levine, Chairman and CEO. “I remain confident that our strategy of providing customers with value and convenience, combined with the impactful investments we are making to improve the shopping experience in our stores and our profitability, will continue to deliver strong shareholder returns."