Family Dollar Stores can show rise in earnings
Matthews- The U.S. retail chain Family Dollar Stores Inc. (ISIN US3070001090 / WKN 859612) posted fourth quarter earnings increase.
As noted in a press release published on Wednesday, improved revenues at 1.81 billion U.S. dollars, representing an increase of 2.6 percent over the same period from 1.77 billion U.S. dollars. The comparable store sales improved by 1.0 percent. In net income to increase to 60.1 million was Designated dollars, or 43 cents per share, from a net profit of 53.2 million U.S. dollars and 38 cents in the NAV per share Period last year. CEO Howard R. Levine was in the context of the difficult overall environment very happy with the result and pointed out in connection with the increase in earnings in the prior-year margin improvements achieved and the increase in individual revenue per customer. Analysts had previously expected an EPS of 41 cents and revenue of 1.81 billion U.S. dollars.
For the current quarter, market watchers predict an EPS of 47 cents and revenues of 1.85 billion U.S. dollars from, while Family Dollar Stores (NYSE: FDO – News), an EPS 45 to 50 cents is in prospect.
In the current fiscal year, the Group expects an EPS 2.15 to 2.35 dollars, while revenues will grow at the group level to 5 to 7 percent. In the comparable store sales, the retail group expects an increase in 3 to 5 percent.
Analysts for the fiscal year 2010 EPS of $ 2.25 and revenue of 7.74 billion U.S. dollars.