Family Dollar Raises Guidance Shares of Family Dollar Stores ( FDO) were up nearly 10% in early trading, after the discount retailer reported sales for the second quarter ended Feb. 28, increased 8.7% to approximately $2 billion compared with $1.8 billion for the second quarter ended March 1, 2008. Looking ahead, management now expects earnings for the second quarter of fiscal 2009 will be between 59 cents and 61 cents per diluted share, above the consensus estimates of 50 cents per share. We had removed shares of Family Dollar from our "Recommended" list on Feb. 5, when the stock was trading at $28.31.The company does have technical support in the $22 to $23 area and we are looking for a potential move up to the $34 to $35 level before it encounters any resistance. We may need to re-examine our stance on the stock. We had some concerns after Dollar Tree's ( DLTR) warning. Family Dollar Stores is not recommended at this time, holding a Dividend.com Rating of 3.4 out of 5 stars. PetSmart Profit Rises 4% in the Fourth Quarter Shares of PetSmart ( PETM) were down over 7% in early trading, after the pet retailer reported fourth quarter profit rose 4% to $78.4 million, or 62 cents per share, compared to $75.4 million, or 59 cents per share in the year-ago period. Revenue was up 2%, to $1.36 billion from $1.33 billion, as same-store sales increased 3%. Looking ahead, management expects a profit of $1.40 to $1.50 per share for the fiscal year ending in 2010, which is below the $1.48 per share consensus estimates.