Market Overview

UPDATE: Family Dollar Posts Q1 Profit, Issues Downbeat Forecast

Related FDO
Dollar Store Headwinds Not Uprooting Deutsche From Dollar Tree Buy Rating
Bull And Bear Cases For Dollar Tree Ahead Of Q3 Earnings

Family Dollar Stores (NYSE: FDO) reported first-quarter profit and issued downbeat profit forecast.

Family Dollar projects Q2 profit of $1.18 to $1.28 per share, versus analysts' estimates of $1.39 per share. It expects 2013 earnings of $3.95 to $4.20 per share, versus estimates of $4.25 per share.

Family Dollar's quarterly profit came in at $80.3 million, or $0.69 per share, from $80.4 million, or $0.68 per share, in the year-earlier period.

Its revenue rose to $2.42 billion from $2.15 billion. However, analysts were expecting a profit of $0.75 per share on revenue of $2.38 billion.

Family Dollar shares dropped 4.86% to $60.90 in pre-market trading.

Posted-In: profitEarnings News Guidance


Related Articles (FDO)

View Comments and Join the Discussion!