Filed under: Earnings reports, Family Dollar Stores (FDO), Technical Analysis, Stocks to Buy
Many of life’s little necessities work just as well when purchased at a bargain store, as they do when you buy them in a boutique. That’s the basic allure behind those mall outlets that sell all manner of products for a dollar. One of the biggest such outfits in the U.S. refers to its shopping experience as the “Thrill of the Hunt.”
Dollar Tree Stores (NASDAQ: DLTR) runs a network of about 3,300 discount variety stores in 48 states, operating under Dollar Tree, Deal$, Dollar Bills and Dollar Express banners. The stores offer housewares, toys, seasonal items, food, health and beauty aids, gifts and books. All items are priced at one dollar, or less. The outlets are generally located in high-traffic strip centers, anchored by mass merchandisers and supermarkets. Family Dollar Stores (NYSE: FDO) is a major competitor.
The firm pleased investors late last month, when it reported in-line numbers for Q2 and offered in-line to upside guidance for Q3 and FY08 results. Management also announced a $100 million accelerated share repurchase.
Continue reading Dollar Tree Stores (DLTR): Where a buck makes it yours
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