The effective income tax rate in the fourth quarter of fiscal 2013 was 34.9% as compared to 36.0% in the fourth quarter of fiscal 2012. The decrease in the effective tax rate in the fourth quarter of fiscal 2013, as compared to the fourth quarter of fiscal 2012, was due primarily to a decrease in the reserve for state taxes partially offset by increases in U.S. tax of foreign operations and the reserves for uncertain tax positions.Net income in the fourth quarter of fiscal 2013 increased 26.3% to $102.2 million compared with $80.9 million in the fourth quarter of fiscal 2012. Adjusted net income for the fourth quarter of fiscal 2013 increased 12.5% to $99.0 million as compared to adjusted net income of $88.1 million in the fourth quarter of fiscal 2012, excluding the favorable $5.0 million accounting adjustment in the fourth quarter of fiscal 2013 and the litigation charge of $11.5 million in the fourth quarter of fiscal 2012.
Family Dollar Reports Record Sales And Earnings Results
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