Family Dollar Sees Slight Increase in Q1 Earnings; Misses Estimates (FDO)

Family Dollar Sees Slight Increase in Q1 Earnings; Misses Estimates (FDO)

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Discount retailer, Family Dollar Stores, Inc.(FDO) reported a slight increase in earnings, but missed analysts expectations on Thursday.

The Matthews, NC based company reported first quarter earnings of $80.3 million, or 69 cents per share, down slightly from $80.4 million, or 68 cents a share last year. On average, analysts expected to see earnings of 75 cents per share.

Revenue came in at $2.42 billion for the quarter, an 11% increase from last years revenue of $2.15 billion. Analysts estimated revenue of $2.38 billion.

Looking ahead, the company reported that they are expecting second quarter EPS in the range of $1.18 to $1.28, which is below analysts estimate of $1.39.

FDO noted, “the holiday selling season proved to be more challenging than we expected as customers faced increasing financial uncertainty.”

Family Dollar shares were down -$5.06, or -7.9% during premarket trading Thursday. The stock has increased 11% in the past year.

The Bottom Line
Shares of Family Dollar Stores (FDO) have a 1.31% dividend yield, based on last night’s closing stock price of $64.04. The stock has technical support in the $58 price area. If the shares can firm up, we see overhead resistance around the $65-$69 price levels.

Family Dollar Stores, Inc.(FDO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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