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News Breaks
March 26, 2009
05:55 EDTFDO, FDOFamily Dollar benefits from budget-conscious spending, BusinessWeek reports
Family Dollar Stores' (FDO) strategy of providing consumers with compelling values while managing to keep costs and prices stable have allowed it to maintain its streak of constant earnings in spite of the weak economy, says Ryan Crane, CIO at Stephens Investment Management Group. Many Americans have embraced budget-conscious spending, bolstering Family Dollar's sales and earnings. "This kind of thrifty shopping won't end anytime soon", Crane adds. Trading at $32.06 a share, Crane figures Family Dollar could easily double in 12 to 18 months. Reference Link
News For FDO From The Last 14 Days
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March 13, 2015
11:27 EDTFDODollar Tree says FTC has identified 250 stores for divestiture to date
Dollar Tree (DLTR) disclosed in a regulatory filing that, as of March 10, the FTC has identified approximately 250 stores for divestiture, representing approximately $34M of operating income, related to the company's planned acquisition of Family Dollar (FDO). "We expect the FTC to substantially complete its review of all remaining stores in the near future. We continue to estimate that no more than roughly 300 stores will be required to be divested, although we can give no assurance as to the exact number and it could be more or less than 300. In parallel, we have made good progress with divestiture buyers and have received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns. We will work to secure FTC approval and finalize divestiture agreements with the selected bidder(s) as soon as practical," the company added. Dollar Tree note that it is working to close the proposed merger as early as April, but it is uncertain whether the FTC will approve the transaction by that date.
March 12, 2015
10:33 EDTFDODollar General says making 'solid progress' in CFO search
Dollar General (DG) says has "very promising future" despite failure to acquire Family Dollar (FDO). Says plans to return approx. $1.6B to shareholders during 2015 via dividend, repurchases. Says West Coast port slowdown negatively impacted Q4 by approx. 2c. Says items priced $1-$5 now 76% of sales. Says "cautiously optimistic" for core customers in 2015, says consumers more positive. Sees possible drag to Q1 earnings of 1c-2c per share from West Coast port slowdown. Says business model has "proven resilient." Says making "solid progress" in CFO search, sees CFO appointed in "short period of time." Comments made on the Q4 earnings conference call. Dollar General is up 3.08% to $73.65 in mid-morning trading.

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