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Wednesday, Oct 3
2012, 7:13 AM
More on Family Dollar Stores (FDO): Saw both customer traffic and average customer transaction...
More on Family Dollar Stores (FDO): Saw both customer traffic and average customer transaction value increase during the quarter. Increased sales of lower-margin consumables and improved inventory shrinkage was offset in part by higher markups, lower markdowns and lower freight expense. SG&A expenses flat, with lower store labor costs offset by higher marketing expenses. Expects FY13 EPS of $4.10-$4.40. For FQ1, sees comparable store sales growth of 4%-6% and EPS to fall in a range of $0.69-$0.78. (PR)