Deep-discount chain Family Dollar
Yet it was the depressed same-store sales that saw expenses account for a greater portion of revenues than they have previously been. Selling, general, and administrative expenses jumped 160 basis points to 29.3% of revenues. Included in that increase, however, were costs from the shareholder lawsuits for its stock options backdating scheme and some initiatives the company undertook to generate growth.
The bright spot with comps for Family Dollar was that May saw a 2.5% increase which suggested things were picking up. Management confirmed that in its release and said it expected June same-store sales to rise from 1% to 3% with similar growth expected for the entire quarter, while overall sales are anticipated to be up 5% to 7% from the year-ago period.
Family Dollar has been widely trailing rivals like Dollar Tree
Where Family Dollar and Dollar Tree have been adding coolers to their stores, and in general having success there, the same can't be said for Big Lots
And that's a problem for these dollar store chains when they have to compete against the likes of Wal-Mart
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Fool contributor Rich Duprey owns shares of Wal-Mart but does not have a financial position in any of the other stocks mentioned in this article. You can see his holdings here. There's no discounting of the Motley Fool disclosure policy.