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Business, Finance, Occupation & Industry

Family Dollar Says Earnings Hurt by Delay in Tax Refunds

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By Reuters

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Family Dollar reported a weaker-than-expected quarterly profit on Wednesday, blaming a delay in tax refunds for hurting sales at the end of January and early February.

The discount retailer also warned it would have weak sales of discretionary items such as apparel and home goods heading into the rest of its financial year. Family Dollar Stores Inc. (FDO) cited financial pressures facing customers and unseasonably cold spring weather.

“Our customers’ discretionary spend is expected to remain constrained,” Chief Executive Howard Levine said in a statement.

In the second quarter ended March 2, net income rose to $140.1 million, or $1.21 a share, from $136.4 million, or $1.15 a share, a year earlier.

Analysts, on average, looked for a profit of $1.22 a share, according to Thomson Reuters I/B/E/S.

Sales rose 17.7 percent to $2.89 billion, meeting Wall Street expectations.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcomin

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By Business Wirevia The Motley Fool

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares in Family Dollar Stores, Inc. (NYSE: FDO )?
  • Did you purchase your shares prior to October 3, 2012, or between October 3, 2012 and January 2, 2013?
  • Did you lose money in your investment in Family Dollar Stores, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminders shareholders of Family Dollar Stores, Inc. (NYSE: FDO) (“Family Dollar” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Western District of North Carolina on behalf of all persons or entities that purchased the common stock of Family Dollar between October 3, 2012 and January 2, 2013 (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2013.

If you purchased shares of Family Dollar during the Class Period, or purchased shares prior to the Class Period and still hold Family Dollar, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/family-dollar-stores-inc-fdo-2.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Family Dollar Has Everything Your Family Needs to Have a "Hoppy" Easter for Less

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By Business Wirevia The Motley Fool

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Family Dollar Has Everything Your Family Needs to Have a “Hoppy” Easter for Less

MATTHEWS, N.C.–(BUSINESS WIRE)– From baskets and candy to plush toys and cards, Family Dollar, one of the fastest-growing discount retail chains in the country, is the Easter Bunny‘s one-stop-shop this year for Easter fun and springtime cheer, all at Family Dollar‘s everyday low prices.

Easter basket goodies, like jelly beans, Cadbury® Eggs, Peeps® and chocolate bunnies, toys and themed gift wrap will egg-cite everyone on Easter morning and Family Dollar‘s Easter finery in clothing and home décor will brighten this special day. And in case the Easter Bunny forgets, Family Dollar‘s got your eggs, food coloring and specialized egg-dying kits, along with an expanded selection of foods, baking and decorating items to help you create a memorable Easter breakfast, snack or dinner.

“As the Easter Bunny‘s official headquarters, we have expanded our Easter offerings to ensure we have the perfect gift for everyone on his list, all at our everyday low prices,” said Bob Giles, Divisional Vice President – Merchandise. “This year, we are excited to offer a wide assortment of baskets, Easter grass, plush toys, candy and basket stuffers for the Easter Bunny to create his own special gift for less than 10 dollars. In addition, we are offering an assortment of pre-made basket for only five dollars. Now that’s value.”

Stay up to date on everything Family Dollar offers to help your family celebrate this Easter, including hours of operation, recipes, coupons and contests at www.facebook.com/familydollar or Twitter at @myfamilydollar. Customers can check the hours of their local Family Dollar store at www.familydollar.com.


About Family Dollar

For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop, neighborhood locations. Family Dollar‘s mix of name brands, and quality, private brand merchandise appeals to shoppers in more than 7,700 stores in rural and urban settings across 45 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Family Dollar Declares Regular Quarterly Dividend

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By Business Wirevia The Motley Fool

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Family Dollar Declares Regular Quarterly Dividend

MATTHEWS, N.C.–(BUSINESS WIRE)– Family Dollar Stores, Inc. (NYS: FDO) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend on the Company’s common stock of $0.26 per share, payable Monday, April 15, 2013, to shareholders of record at the close of business on Friday, March 15, 2013.

About Family Dollar

For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar‘s mix of name brands and quality, private brand merchandise appeals to shoppers in more than 7,600 stores in rural and urban settings across 45 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.

Family Dollar Stores, Inc.
Investor Contact:
Kiley F. Rawlins, CFA, 704-708-2858
krawlins@familydollar.com
or
Media Contact:
Bryn Winburn, 704-708-1653
bwinburn@familydollar.com

KEYWORDS:   United States  North America  North Carolina

INDUSTRY KEYWORDS:

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Business, Finance, Occupation & Industry

Retail Sales on Track for Lower Growth

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By 24/7 Wall St.

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After three consecutive years of 4%+ same-store sales growth in the month of February, the outlook for the month in 2013 calls for growth of 2.7%, primarily on a forecast of weaker sales at apparel and teen specialty retail stores. According to research firm Retail Metrics, projected weakness at both J.C. Penney Co. Inc. (NYSE: JCP) and Sears Holding Corp. (NASDAQ: SHLD) have led to projected decline in same-store sales of 0.1% at department stores.

The largest gains are forecast at discount stores such as Big Lots Inc. (NYSE: BIG), Costco Wholesale Corp. (NASDAQ: COST), PriceSmart Inc. (NASDAQ: PSMT) and Family Dollar Stores Inc. (NYSE: FDO).

The research firm attributes the lower comparable store sales to delays in getting refunds to taxpayers, the impact of higher payroll taxes on income, higher gasoline prices in February, and cooler weather which delayed the start of sales of spring clothing.

Retail same-store sales figures are due to be released later this week.

Filed under: 24/7 Wall St. Wire, Apparel, Retail Tagged: BIG, COST, FDO, JCP, PSMT, SHLD

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