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Stock Market & Financial Investment News

News Breaks
August 21, 2014
09:26 EDTFDO, DLTRDollar Tree says 'committed' to transaction with Family Dollar
Says looks forward to completing transaction with Family Dollar (FDO) "as soon as possible." Says experienced strongest comps in quarter in July. Says comps continued to improve throughout the quarter. Says opening plan on track for the FY, sees 450 projects across the U.S. and Canada. Sees opening 375 new stores this year. Sees FY14 square footage up 7% over FY13. Sees Canadian market able to support up to 1,000 stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees improvement in inventory turns for FY. Sees FY CapEx $360M-$370M, focused on new stores and remodels. Sees freight costs as a meaningful headwind to gross margins. Sees product margins remaining under pressure. Says acquisition costs tough to estimate. Says consumer continues to be under pressure.
News For DLTR;FDO From The Last 14 Days
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July 2, 2015
16:53 EDTDLTR, FDODollar Tree says receives FTC clearance to complete Family Dollar merger
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July 1, 2015
16:53 EDTFDOFamily Dollar reports Q3 adjusted EPS 74c, consensus 82c
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June 30, 2015
07:28 EDTDLTR, FDODollar Tree shares poised to outperform, says Wells Fargo
Wells Fargo predicts that Dollar Tree will be re-ranked by quantitative investment models following its merger with Family Dollar (FDO), enabling Dollar Tree's stock to outperform. The firm predicts that Dollar Tree's P/E ratio will become much lower versus its peers after the merger closes. Wells keeps an Outperform rating on Dollar Tree.
June 25, 2015
09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
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