Family Dollar Stores (NYS: FDO) reported earnings on March 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 25 (Q2), Family Dollar Stores met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins increased, net margins improved.
Family Dollar Stores reported revenue of $2.46 billion. The 23 analysts polled by S&P Capital IQ looked for sales of $2.46 billion on the same basis. GAAP reported sales were 8.6% higher than the prior-year quarter's $2.26 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.15. The 23 earnings estimates compiled by S&P Capital IQ anticipated $1.13 per share. GAAP EPS of $1.15 for Q2 were 17% higher than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.9%, 80 basis points worse than the prior-year quarter. Operating margin was 9.0%, 10 basis points better than the prior-year quarter. Net margin was 5.5%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $1.06.
Next year's average estimate for revenue is $9.31 billion. The average EPS estimate is $3.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 551 members out of 600 rating the stock outperform, and 49 members rating it underperform. Among 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Family Dollar Stores a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average price target is $58.52.
If you're invested in retailers like Family Dollar Stores, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.
Add Family Dollar Stores to My Watchlist.
At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.