Family Dollar (FDO) Slumps Following Q3 Miss; Tightens FY12 EPS Expectations
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Price: $64.07 +0.08%
EPS Growth %: +5.2%
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Selling, general and administrative: 750.07M
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EPS Growth %: +5.2%
Financial Fact:
Selling, general and administrative: 750.07M
Today's EPS Names:
DSX, REDF, REX, More
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Family Dollar (NYSE: FDO) is lower once again today following release of its third-quarter 2012 results showing a slight miss on the top- and bottom-line numbers.
Revenue for the discount retailer rose 9.6 percent to $2.36 billion, from $2.15 billion in the same period last year. Comparable-store sales increased 5 percent in the period, toward the lower-end of guidance calling for a 5 percent to 7 percent increase.
Net income improved 12.1 percent to $124.54 million, or $1.06 per diluted share.
Numbers compare with consensus views calling for revs of $2.37 billion and EPS of $1.07.
Gross margin consolidated from 36.21 percent last year down to 35.82 percent. Gross margin in the second-quarter was 34.87 percent.
CEO Howard R. Levine commented that he was pleased with results "even as we launched multiple initiatives late in the quarter to increase our relevancy to the customer and drive greater store productivity."
Looking ahead, the company expects fourth-quarter 2012 EPS of 71 cents to 81 cents, versus Street expectations of 77 cents.
Fiscal 2012 EPS expected in the range of $3.60 to $3.70, with the Street looking for $3.67. The company gave guidance of $3.55 to $3.75 with its last quarter release. Revs in 2012 should be up 9 percent to 10 percent with comps up about 5 percent for the period. Family Dollar expected comparable-store sales growth of
Shares are 6.8 percent lower ahead of the bell Thursday.
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Revenue for the discount retailer rose 9.6 percent to $2.36 billion, from $2.15 billion in the same period last year. Comparable-store sales increased 5 percent in the period, toward the lower-end of guidance calling for a 5 percent to 7 percent increase.
Net income improved 12.1 percent to $124.54 million, or $1.06 per diluted share.
Numbers compare with consensus views calling for revs of $2.37 billion and EPS of $1.07.
Gross margin consolidated from 36.21 percent last year down to 35.82 percent. Gross margin in the second-quarter was 34.87 percent.
CEO Howard R. Levine commented that he was pleased with results "even as we launched multiple initiatives late in the quarter to increase our relevancy to the customer and drive greater store productivity."
Looking ahead, the company expects fourth-quarter 2012 EPS of 71 cents to 81 cents, versus Street expectations of 77 cents.
Fiscal 2012 EPS expected in the range of $3.60 to $3.70, with the Street looking for $3.67. The company gave guidance of $3.55 to $3.75 with its last quarter release. Revs in 2012 should be up 9 percent to 10 percent with comps up about 5 percent for the period. Family Dollar expected comparable-store sales growth of
Shares are 6.8 percent lower ahead of the bell Thursday.
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