Family Dollar (FDO) Misses on Both Top and Bottom Lines – Tale of the Tape

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2015 has been portraying a downtrend in the last 30 days. If we look at Family Dollar’s performance in fiscal 2014, it gives a dismal picture. The company had posted negative earnings surprises in all the four quarters. In the trailing four quarters, the company underperformed the Zacks Consensus Estimate by an average of 5.8%.

Revenues: Family Dollar generated net sales of $2,556.4 million that increased 2.3% year over year but came a shade below the Zacks Consensus Estimate of $2,557 million.

Key Events: Family Dollar announced the opening of 59 new stores and renovated, relocated or expanded 178 stores in the first quarter of fiscal 2015.

Zacks Rank: Currently, Family Dollar carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

Check back later for our full write up on Family Dollar’s earnings report!