Family Dollar Q4 Profit Misses Estimate

(RTTNews) - Family Dollar Stores, Inc. (FDO) reported net income for the fourth quarter of $34.5 million or $0.30 per share, compared to $102.2 million or $0.88 per share for the year-ago quarter.

Excluding items adjusted net income for the fourth quarter was $83.9 million or $0.73 per share, compared to $99.0 million or $0.86 per share in the prior year quarter.

Total net sales for the fourth quarter rose 4.5% to $2.61 billion from $2.50 billion a year ago. Same-store sales for the fourth quarter increased 0.3% as a result of an increase in the average customer transaction value, partially offset by fewer customer transactions.

Analysts polled by Thomson Reuters expected the company to earn $0.77 per share on revenue of $2.58 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Family Dollar did not provide financial guidance for fiscal 2015 in light of its pending merger with Dollar Tree, Inc. (DLTR).