Family Dollar Stores (FDO) has beaten the Zacks Consensus Estimate in each of the last four quarters by an average of 4.5%.
The Zacks #2 Rank stock trades at 15.5x fiscal 2010 consensus estimates and 13.7x fiscal 2011 consensus estimates.
Business
Family Dollar Stores, Inc. operates a chain of self-service retail discount stores for lower income family’s in the U.S. The company operates 6,600 stores in 44 states.
First-Quarter Results
Sales were up 5% from last year to $2.09 billion. Earnings came in better than expected at 81 cents, 3 cents ahead of the Zacks Consensus Estimate. Same-store sales, a key retail metric, were up 3.6% on higher customer traffic and an increase in the average customer transaction.
Estimates
Since beating fiscal Q1 estimates, the Zacks Consensus Estimate for fiscal year 2010 has increased 14 cents, or 5.7%, to $2.59, and the Zacks Consensus Estimate for fiscal year 2011 has increased 22 cents, or 7.7%, to $2.94.
Read the April 23 commentary on Family Dollar
Last Week’s Momentum Zacks Rank Buys
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