Family Dollar Stores, Inc., (FDO): Founded in 1959, headquartered in Charlotte, North Carolina, Family Dollar Stores, operates discount store chains in the United States. In last ten years, more than 4,000 new stores added to the chain, of which over half were added in the last five years. As of November, 2008, it operated 6,617 stores in 44 states and the District of Columbia.
On September 3, 2009, the company said that its sales at its stores open at least a year rose 1 percent in the fourth quarter, and the company also said that it will maintained its earnings guidance.
Family Dollar, posted better than expected results in four of last four quarters. Market is expecting a profit of 42 cents per share for the quarter ended August 2009, which is 4 cents higher than its actual profit of 38 cents per share it posted a year ago in the same quarter.
FDO is in my BUY watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on Wednesday October 7, 2009, before market open.
