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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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July 2, 2015
16:53 EDTFDODollar 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 EDTFDODollar 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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