New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
10:40 EDTDG, DLTR, FIVE, FDODiscount chains slip after Family Dollar misses expectations
Several discount retail chains are retreating after Family Dollar (FDO) reported lower than expected earnings per share for its first quarter, and provided second quarter earnings per share guidance that feel below analyst expectations. Family Dollar indicated that a greater number of shoppers than expected took advantage of its discounts, causing its profit margins to decline last quarter. Consumers' "increased financial uncertainty" also weighed on results, the company added. In mid-morning trading, Family Dollar fell $7.07, or 11.04%, to $56.07, while Dollar General (DG) gave back 3.96% to $41.22, Dollar Tree (DLTR) dropped 1.43% to $39.33, and Five Below (FIVE) lost 0.74% to $33.56.
News For DG;DLTR;FIVE;FDO From The Last 14 Days
Check below for free stories on DG;DLTR;FIVE;FDO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
April 10, 2014
11:15 EDTFDOOptions with decreasing implied volatility: YONG STZ BBBY FDO EPB
10:46 EDTFDOFamily Dollar says continues to be opportunistic with share repurchases
10:27 EDTFDOFamily Dollar says search for president, COO is 'under way'
Says last few quarters have been "challenging." Says holiday season was challenged by a more promotional environment and a more financially constrained consumer. Sees opportunities to improve execution, increase relevance. Plans to slow square footage growth in the beginning of FY15. The company says it is on track to open approximately 525 stores this year, 350-400 stores next year. Says 18 storms resulted in 60 days negatively impacted by winter weather in Q2. Sees gross margin for Q3 to be similar to Q2. Sees charge in Q3 of about $4M related to employee severance costs. Sees SG&A expense to be develeraged in Q3. Sees gross margin to decline in FY14. Expects SG&A will deleverage for FY14. Expects tax rate for FY14 to be 36%-36.5%.
10:21 EDTFDOFamily Dollar says recently cut about 10% of corporate workforce
Sees charge in Q3 of about $4M related to employee severance costs. Comments made on the Q2 earnings conference call.
07:15 EDTFIVEFive Below management to meet with UBS
Subscribe for More Information
07:11 EDTFDOFamily Dollar says winter weather had at least 5c negative impact to Q2 EPS
Family Dollar Stores CEO Howard Levine said, “Our second quarter results did not meet our expectations. The 2013 holiday season was challenged by a more promotional competitive environment and a more financially constrained consumer. In addition, like many retailers, our second quarter results were significantly impacted by severe winter weather, which resulted in numerous store closings, disrupted merchandise deliveries and higher than expected utility and store maintenance expenses. Notwithstanding the macro-economic pressure, competitive environment and severe weather, we are not satisfied with our results, and we hold ourselves accountable for improving our performance. To that end, we have initiated an in-depth business review to identify opportunities to strengthen our value proposition, increase operational efficiencies and improve financial performance.” The company estimates that the negative financial impact in Q2 from the adverse winter weather was at least 5c of earnings per diluted share.
07:09 EDTFDOFamily Dollar sees FY14 EPS ex-items $3.05-$3.25, consensus $3.38
Subscribe for More Information
07:07 EDTFDOFamily Dollar sees Q3 EPS ex-items 85c-95c, consensus 98c
Subscribe for More Information
07:05 EDTFDOFamily Dollar to close about 370 stores, take other actions to reduce costs
Subscribe for More Information
07:03 EDTFDOFamily Dollar reports Q2 EPS 80c, consensus 90c
Subscribe for More Information
April 9, 2014
15:19 EDTFDONotable companies reporting before tomorrow's open
Subscribe for More Information
09:20 EDTDGBofA/Merrill's retail analysts hold an analyst/industry conference call
Subscribe for More Information
April 8, 2014
09:34 EDTFIVECitadel reports 5.9% passive stake in Five Below
Subscribe for More Information
April 4, 2014
13:29 EDTFDOFamily Dollar April volatility elevated into Q2
Subscribe for More Information
April 3, 2014
16:57 EDTFIVEAdvent International liquidates stake in Five Below
10:00 EDTDGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:35 EDTDGDollar General initiated with a Hold at Jefferies
Target $56.
April 2, 2014
17:05 EDTFDOFamily Dollar cuts 6% of headquarters staff, Charlotte Biz Journal says
Subscribe for More Information
16:00 EDTDGOptions Update; April 2, 2014
Subscribe for More Information
10:24 EDTDGHigh option volume stocks: ROVI OMC LQDT DLLR DG
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use