Beginning with deduces john mayer love soon one store tabs mayer fells in in 1959 in Charlotte, North Carolina, the Companycurrently operates more than 6,600 stores in 44 states. Family Dollar Stores,Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outsideof Charlotte and is a publicly held company with common stock traded on the NewYork Stock Exchange under the symbol FDO For more information, please visit FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME(Unaudited)For the First Quarter Ended (in thousands, except per share amounts)November 29, % of NetDecember 1,% of Net2008Sales2007Sales Net sales $1,753,833100.0%$1,683,043100.0%Cost of sales1,139,38065.0 % 1,107,01865.8 %Gross margin 614,45335.0 % 576,02534.2 %Selling, general and administrative expenses522,04929.8 % 490,88529.2 %Operating profit 92,404 5.2% 85,140 5.0%Interest income3,5990.2% 2,0850.1%Interest expense 3,2170.2% 4,6110.3%Income before income taxes 92,786 5.2% 82,614 4.8%Income taxes 33,497 1.9% 30,668 1.8%Net income$59,289 3.3%$51,946 3.0%Net income per common share – basic $0.42$0.37 Weighted average shares – basic139,817140,936 Net income per common share – diluted $0.42$0.37 Weighted average shares – diluted140,237141,324 Dividends declared per common share $0.125 $0.115FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS(Unaudited) For the First Quarter EndedNovember 29, December 1,2008 2007(in thousands, except per share and share amounts)AssetsCurrent assets: Cash and cash equivalents $152,571 $95,060Investment securities-130,225 Merchandise inventories1,091,9471,121,813 Deferred income taxes94,821 97,189Income tax refund receivable — Prepayments and other current57,529 58,184assetsTotal current assets1,396,8681,502,471 Property and equipment, net 1,060,5601,057,544 Deferred income taxes -18,949Investment securities 216,819- Other assets23,963 26,126Total assets $2,698,210 $2,605,090 Liabilities and Shareholders’ EquityCurrent liabilities:Short-term borrowings $- $53,500Accounts payable 553,905563,001 Accrued liabilities479,301466,066 Income taxes 29,809 24,731Total current liabilities 1,063,0151,107,298 Long-term debt250,000250,000 Deferred income taxes 48,674 68,097Income taxes39,618 48,429Commitments and contingencies Shareholders’ Equity: Preferred stock, $1 par; authorized and unissued 500,000 shares Common stock, $.10 par;authorized 600,000,000 shares14,434 14,412Capital in excess of par 170,709153,000 Retained earnings1,212,4501,039,975 Accumulated other(7,901 ) – comprehensive loss1,389,6921,207,387 Less: common stock held in 92,789 76,121treasury, at cost Total shareholders’ equity 1,296,9031,131,266 Total liabilities and$2,698,210 $2,605,090 shareholders’ equity FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)For the First Quarter Ended(in thousands) November 29,December 1, 2008 2007Cash flows from operating activities:Net income$59,289$51,946Adjustments to reconcile net income to net cashprovided by operating activities:Depreciation and amortization 37,815 38,058Deferred income taxes (7,085 ) (27,696 ) Stock-based compensation2,6732,536 Loss on disposition of property and equipment1,6521,466 Changes in operating assets and liabilities: Merchandise inventories(59,262) (55,915 ) Income tax refund receivable 7,00744,394Prepayments and other current assets 653(5,479) Other assets (259 ) 72Accounts payable and accrued liabilities (65,137) (66,777 ) Income taxes 29,790 72,132 7,13654,737Cash flows from investing activities:Purchases of investment securities -(535,655) Sales of investment securities 400602,925 Capital expenditures (28,167) (36,563 ) Proceeds from dispositions of property and 23 173 equipment(27,744) 30,880Cash flows from financing activities:Revolving credit facility borrowings -404,300 Repayment of revolving credit facility -(350,800) borrowingsRepurchases of common stock-(80,709 ) Changes in cash overdrafts 30,797 (34,285 ) Proceeds from the exercise of stock options1,34481Payment of dividends (17,464) (16,320 )14,677 (77,733 ) Net change in cash and cash equivalents (5,931 ) 7,884 Cash and cash equivalents at beginning of period158,50287,176Cash and cash equivalents at end of period $152,571 $95,060FAMILY DOLLAR STORES, INC., AND SUBSIDIARIESSelected Additional Information NET SALES BY DIVISION:For the First Quarter EndedNovember 29, December 1,% Change 2008 2007 (in thousands)Consumables$1,155,054 $1,023,275 12.9 % Home products 233,592248,653 -6.1 % Apparel and accessories 186,100216,468 -14.0% Seasonal and electronics179,087194,647 -8.0 % TOTAL$1,753,833 $1,683,043 4.2% STORES IN OPERATION:For the First Quarter EndedNovember 29, December 1, 2008 2007 Beginning Store Count 6,5716,430 New Store Openings65 67Store Closings(19) (20)Ending Store Count6,6176,477 Total Square Footage (000s) 56,123 54,762Total Selling Square Footage 46,635 45,546(000s) Family Dollar Stores, Inc.INVESTOR CONTACT:Kiley F. Rawlins, CFA704 -849-7496, orMEDIA CONTACT:Josh Braverman704-814-3447, Copyright Business Wire 2009. This was the first BYU-Utah game I’ve ever attended in person.It was a 20-6 BYU lead heading into the fourth quarter. The stadium was rocking, and it looked like the Utes were down and out The BYU defense was playing as good as it had all season Jordan Wynn looked like a freshman. Then suddenly the tide turned.Utah got two field goals, a touchdown, and a two point conversion in the fourth quarter and tied the game up; we were headed into overtime.

The stadium was still rocking, but everyone was nervous, instead of euphoric.BYU won the coin toss, played good defense, and held Utah to a FG john mayer tour . It was second and 10 at the 25 yard line for Max Hall and the BYU offense john comfortable . Hall threw alaser between two Ute defenders to Andrew George, who kept his balance and ran the remainder of the distance into theend zone Final Score: BYU 26, Utah 23 john clarity . After that, it was pure chaos.George was mobbed by a combination of teammates and fans storming the field as they formed a huge dogpile on top of him.I was one of those fans that stormed the field?there is no greater feeling artist mayer . Mindlessly running onto your favorite college football team’s field with thousands of other fans, mobbing the players, hugging them, andgiving them high fives after beating your ranked arch-rival.

Andrew George (the BYU TE who caught the winning touchdown) evencrowd-surfed right over me.But then Max Hall was asked what this victory meant to him . His controversial comments soon followed: “I don’t like Utah In fact, I hate them I hate everything about them I hate their program, their fans I hate everything,” Hall said john neon . “It felt really good to send those guys home.”"I think the whole university and their fans and the organization is classless,” Hall said daughter mayer . “They threw beer on my family and stuff last year and did a whole bunch of nasty things . I don’t respect them and they deserved to lose.”Wow!In an already heated rivalry, Max Hall just upped the ante.