Family Dollar Earnings Verdict - A Coin Toss!
Family Dollar Stores Inc. (NYSE: FDO) reported its earnings after the market closed Thursday as $0.73 in earnings per share and $2.61 billion in revenues. Thomson Reuters had estimates of $0.77 in earnings per share and $2.58 billion in revenues. The same quarter in the previous year posted earnings of $0.86 in earnings per share and $2.50 billion in revenues
The company still posted a gain in revenues above analysts' estimates despite having full year comparable store sales decrease by 2.1%.
Family Dollar did not give guidance citing the pending merger with Dollar Tree. Without guidance for the merger progress and fight in the dollar store segment, this is one of those earnings reports which feels like a guessing game.
Family Dollar Chairman and CEO, Howard Levine, said,
"While we are still in the early stages of our turnaround plan, we believe that the strategic actions taken in fiscal 2014 will position the Company for better sales and earnings performance in fiscal 2015. We anticipate that the first quarter will be our most challenging quarter of fiscal 2015, but we expect momentum will build as we move through the rest of the year."
Shares of Family Dollar were barely up on a rough day in the market 0.05% to $77.75. In the after-hours the stock was down as much as 0.32% to $77.50. Family Dollar shares have a consensus analyst price target of $68.50 and a 52-week trading range of $55.64 to $80.97.
Filed under: Retail Tagged: FDO