Family Dollar beats by $0.01, reports revs in-line -- DLTR intends to close FDO merger by the end of May (79.13)
4/8/2015, 8:04:51 AM ET
Reports Q2 (Feb) earnings of $0.74 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.73; revenues rose 3.0% year/year to $2.8 bln vs the $2.8 bln consensus.
- Comparable store sales for the 13-week period increased 0.5% as a result of an increase in the number of customer transactions which was offset by a decrease in the average customer transaction value.
- Dollar Tree (DLTR) has informed Family Dollar that Dollar Tree intends to close the merger by the end of May 2015. In light of the pending transaction, the Company has not provided earnings guidance for fiscal 2015 and will not hold a conference call to discuss its second quarter results.