Mary Winston Sheds Some Light on the Sequester's Effect on Family Dollar

by Jake L'Ecuyer, Benzinga Staff Writer
February 26, 2013 9:00 AM | 1 min read | Make a Comment
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Family Dollar
FDO
CFO Mary Winston stopped into CNBC's SquawkBox Tuesday morning to share insight on the company's strategy. Here are some highlights:
Customer profile:

  • Average customer makes less than $40,000 a year;

  • Anything that takes money out of customers' pockets, hurts spending power at their stores;

  • Consumers may forgo more discretionary items if gas prices and other costs continue to rise.

Maximizing shareholder value

  • To maximize shareholder value they will use capital expenditures, while dividends would be second;

  • The company plans to open 500 stores this year, after opening 475 last year;

  • New customers entering dollar channel even as existing customers continue to be squeezed by economic conditions.

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