Family Dollar Stores Posts Fourth-quarter Earnings Of 73 Cents a Share, Missing Estimates

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Family Dollar Stores said fiscal fourth-quarter net income was 30 cents a share vs. 80 cents a year earlier. Adjusted net income per diluted share, excluding restructuring charges and merger fees, was $83.9 million, or 73 cents a share, vs. 86 cents, or $99 million, a year earlier, excluding vendor allowances. The consensus estimate of analysts surveyed by FactSet was 77 cents a share. Sales rose to $2.61 billion from $2.5 billion a year earlier.

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