Family Dollar Q3 Earnings Miss, Retail Down Broadly
By:
Investors.com
Posted on June 28, 2012 at 13:13 PM EDT
Family Dollar (FDO) reported third-quarter earnings below Wall Street estimates Thursday morning as retail was broadly down in afternoon trading. Shares of Family Dollar fell 3.5% to 66.74. The discounter said EPS rose 16.5% to $1.06, missing analyst expectations by a penny. Sales rose 9.6% to $2.36 billion, under views of $2.373 billion. "Delivering stronger shareholder returns begins with increasing sales per square foot, and this quarter, we
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