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Family Dollar Stores, Inc. Comm Message Board

  • adspatz adspatz Jan 9, 2014 11:04 AM Flag

    Family Dollar earnings edge downward

    Search for "SEC Live Filings Digest" to find out more.
    Family Dollar Stores Inc. (FDO) announced its financial results for the first quarter of the 2014 fiscal year, posting earnings that edged downward from a year ago. The company attributes its performance to the fact that lower-income shoppers continue to face increased economic pressure. Net sales increased 3.2% to $2.50B, falling just short of $2.51B analyst estimates. Comparable-store sales decreased 2.8% as a result of a lower average transaction value and lower volumes. Family Dollar earnings fell from $80.3M and $0.69 per share to $78.0M and $0.68 per share, just missing analyst predictions of $0.69 per share. CEO Howard Levine commented that the company’s performance was affected by an increased promotional environment and customer economic uncertainty.

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