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Stock Market & Financial Investment News

News Breaks
January 9, 2014
10:17 EDTFDOFamily Dollar 'not happy' with Q1 results, cites increased competition
The company said core lower income customers have faced challenges which have resulted in incremental financial pressure and reduction in overall spend in the market. The operating environment will remain difficult. In hindsight, Family Dollar says it would have made a different decision instead of limiting assortment and layout changes in FY13 given the deteriorating customer trends. However, it says gross margin and inventory growth has stabilized as it is beginning to see better trends in inventory shrinkage and store managing retention. The company said it plans to invest significantly this year and further enhance price image. It also plans to convert three additional distribution centers this year and plans to open 525 new stores this year. It remains on track to complete the chain by around 2016 and new store returns remain strong and initial sales productivity remain consistent between 85%-90% per average store. The company said it remains committed to a 5%-7% annual square footage growth. Comments taken from Q1 earnings conference call.
News For FDO From The Last 14 Days
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December 19, 2014
09:44 EDTFDOFamily Dollar to delay shareholder vote on Dollar Tree deal, CNBC says
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09:06 EDTFDODollar General says actively engaged with FTC on proposed Family Dollar deal
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December 16, 2014
09:18 EDTFDODollar General likely to win Family Dollar takeover war, says Sterne Agee
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07:09 EDTFDODollar General price target raised to $86 from $73 at Deutsche Bank
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December 15, 2014
06:10 EDTFDOFamily Dollar 'likely' to postpone investor vote on Dollar Tree deal, NYP says
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December 11, 2014
16:59 EDTFDOElliott Associates reports 6.8% stake in Family Dollar
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December 10, 2014
06:16 EDTFDODollar General initiated with a Buy at Citigroup
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