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Family Dollar Stores Inc.

5/22/2013, 6:32 AM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 16, 10:08 AM Grocery sales in focus: Retail analysts note something doesn't add up with Wal-Mart's (WMT -2.6%) claim per Nielsen data that it's "winning" market share for its grocery business despite the retailer's overall sales slip. On a rough comparison, the company's grocery store sales are growing level with Safeway (SWY +0.2%) - but still trail the pace of Whole Foods Market (WFM -0.1%) and Kroger (KR) by quite a lot. Is Wal-Mart's grocery share gain at the expense of the dollar store group (DG, DLTR, FDO)? 6 Comments [Consumer]
Wednesday, May 15, 2:34 PM Wal-Mart (WMT +1%) might be able to beat down competition from the dollar store group (DG, DLTR, FDO, FIVE) if it can achieve two important things: 1) Take traffic directly away from dollar stores by opening new Neighborhood stores in strategic locations. 2) Drive home with consumers its pricing advantage, especially given that a new Bloomberg Industries study found Wal-Mart beat dollar stores on prices almost all the time. 6 Comments [Consumer]
Friday, April 26, 9:24 AM A new SEC filing from Trian Fund Management shows the firm holds a reduced stake of 7.35% in Family Dollar Stores (FDO) through various entities after executing a number of sales in the last few days. FDO -0.2% premarket. (13D) Comment! [Consumer]
Thursday, April 25, 12:59 PM Grocery store stocks suffer after Safeway's Q1 report indicates a weakening sales and volume trend into the end of the quarter. The lackluster quarter adds weight to the opinion that the dollar store group (DG, DLTR, FDO) and Wal-Mart are taking more grocery market share. Decliners: SWY -16.8%, WFM -1.0%, TFM -1%, SVY -2.5%, NGVC -2.0%, KR -2.0%, WMK -1.3%, HTSI -1.4%, FWM -1.3%. 7 Comments [Consumer, On the Move]
Tuesday, April 16, 8:57 AM More on ICSC-Goldman Sachs Store Sales: Though the week of April 13 saw a drop in sales due to a sloppy weather pattern across the U.S. and a calendar shift tied to Easter, the month is still forecast to see a 2% to 3% Y/Y gain. Discounter business (DG, DLTR, FDO, FIVE) was reported to be soft for the week while apparel store traffic improved. Comment! [U.S. Economy]
Wednesday, April 10, 11:04 AM Heard during Family Dollar's (FDO -0.4%) earnings call: 1) The retailer leans on the typical excuses of higher gas prices and payroll tax hikes in explaining somewhat lean consumer spending trends. Sales of consumables and food were better than the home and apparel categories. 2) Execs note inventories are "clean" as the company heads into the spring and summer selling season. 3) A long-term goal of 5%-7% growth in square footage is set as Family Dollar remains on track to open 500 new stores in FY13. 4) The biggest takeaway could be that FDO expects consumers to remain constrained with discretionary spending this year. (webcast) Comment! [Consumer, On the Move]
Wednesday, April 10, 8:08 AM Shares of Family Dollar Stores (FDO) fall 4.8% premarket after the retailer misses estimates and cuts guidance. Analyst Rahul Sharma finds the company's 17% increase in inventory compared to a 3% gain in comparable sales alarming. Peers: DG -1.2%, DLTR -1.3%. Comment! [Consumer, On the Move]
Wednesday, April 10, 7:24 AM The dollar store group (DG, FDO, DLTR) is on watch after Family Dollar misses estimates with its FQ2 report and cuts its outlook for the second half of the fiscal year. The retailer's alarming assessment on consumer spending trends could also influence sentiment on Wal-Mart (WMT). 2 Comments [Consumer]
Wednesday, April 10, 7:17 AM More on Family Dollar's (FDO) FQ2: Comparable store sales increased 2.9% during the period with a mild acceleration in February helping the total. The company notes for H2 that discretionary sales are being challenged by financial pressure on consumers and an unseasonably cold start to the spring. As a result, guidance for Q3 EPS is cut to $0.98-$1.08 vs. $1.18 consensus and $3.73-$3.93 vs. $3.98 consensus for the full fiscal year. (PR) Comment! [Consumer]
Wednesday, April 10, 7:04 AM Family Dollar (FDO): Q1 EPS of $1.21 misses by $0.01. Revenue of $2.89B (+17.7% Y/Y) in-line. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 10, 12:05 AM Notable earnings before Wednesday’s open: AH, FAST, FDO, JKS, KMX, PGR, STZ, TITN Comment! [Earnings]
Tuesday, April 9, 5:30 PM Notable earnings before Wednesday’s open: AH, FAST, FDO, JKS, KMX, PGR, STZ, TITN 1 Comment [Earnings]
Wednesday, April 3, 10:55 AM The dollar store group (DLTR, DG, FDO) outperforms broad market averages after Dollar Tree lands an upgrade to Outperform from Morgan Stanley. A survey by the investment firm showed the payroll tax hike isn't impacting consumer shopping decisions. What to watch: Dollar stores aren't seeing the same pressure as Wal-Mart as in-store pricing and promotions have helped to protect margins, but will the retailing giant's move to a smaller-store format turn the tables? Comment! [Consumer, On the Move]
Monday, March 25, 8:36 AM Family Dollar (FDO) and Dollar Tree (DLTR) are on watch after discounter peer Dollar General beats estimates with its Q4 report. Today's report from Dollar General (DG) is another indication that the dollar store group is successfully taking market share away from grocery store chains in food and basics. What to watch: A plan by Wal-Mart to ramp up small-format stores (Express & Neighborhood Market) could be the next hurdle the sector needs to clear. Comment! [Consumer]
Friday, March 22, 6:54 AM Citigroup downgrades Family Dollar (FDO) to Neutral from Buy and lowers its price target on shares to $65. Concerns about the retailer's ability to maintain margins is at the forefront of the action. Comment! [Consumer]
Wednesday, March 20, 10:57 AM A number of discounter stocks are catching a tailwind today as investors seem to be shifting their attitudes toward the outlook for discretionary spending or shifting from topped-out sectors. Advancers include the dollar store group - Family Dollar Stores (FDO +2.9%), Dollar General (DG +2.5%), and Dollar Tree (DLTR +2.9%) - while Five Below (FIVE +1.3%) and Fred's (FRED +2%) are also outperforming. Even retail giants Target (TGT +1.5%) and Wal-Mart (WMT +0.7%) aren't getting left behind. Comment! [Consumer, On the Move]

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