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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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February 26, 2015
10:33 EDTFDOAnalysts split on Dollar Tree after results, Family Dollar commentary
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09:00 EDTFDODollar Tree outlook has improved, says Wells Fargo
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08:12 EDTFDODollar Tree price target raised to $89 from $79 at UBS
UBS raised its price target on Dollar Tree (DLTR) to $89 from $79 following Q4 results which reinforced that the company has a strong, multi-year growth story. The firm cited its profitable margin profile, strong comps, and the potential to reformat hundreds of Family Dollar (FDO) stores.
07:27 EDTFDOStifel downgraded Dollar Tree on valuation, integration risks
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February 25, 2015
09:33 EDTFDODollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTFDODollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
February 17, 2015
18:06 EDTFDOPaulson & Co gives quarterly update on stakes
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