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

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


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 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.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today