Family Dollar Sees Profit Topping Estimates

Family Dollar said second-quarter earnings rose 33.4% and it expects third-quarter and fiscal-year earnings above year-earlier results and analysts' views.
Author:
Publish date:

MATTHEWS, N.C. (

TheStreet

) --

Family Dollar Stores

(FDO)

said second-quarter earnings rose 33.4% to $112.2 million, or 81 cents a share, and it expects third-quarter and fiscal-year earnings above year-earlier results and analysts' views.

Analysts surveyed by Thomson Reuters expected Family Dollar to earn 78 cents a share in the company's fiscal second quarter. Year-earlier earnings were $84.1 million, or 60 cents a share.

Second-quarter sales were about $2.09 billion, up 4.9% from the same period a year earlier. Comparable-store sales increased 3.6%.

Family Dollar said it expects third-quarter earnings of 71 cents to 76 cents a share, up from 62 cents in the same quarter last year. It sees comparable sales for the quarter up 6% to 8%.

For the fiscal year, Family Dollar expects earnings of between $2.48 and $2.58 a share, up from $2.07 in the last fiscal year.

Analysts expect Family Dollar to earn 70 cents a share in the third quarter and $2.47 a share for the year.

-- Reported by Joseph Woelfel in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.