Family Dollar (FDO) CEO Blames Q1 Miss on Overzealous Sales Initiatives; Shares Sink
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Family Dollar (FDO) Margin Weakness Doesn't Derail Positive Thesis - MKM
January 4, 2013 11:28 AM ESTYesterday shares of Family Dollar Stores Inc. (NYSE: FDO) fell after the retailer reported earnings that fell short of expectations. CEO Howard Levine blamed the miss on new sales initiatives, which pressured margin.
Commenting on the development, analysts at MKM said "margin weakness dings, but doesn't derail our positive thesis".
"Operating margin fell 80... More
