Family Dollar Stores (FDO): Price defines bullish 'pennant'

Filed under: Earnings reports, Wal-Mart (WMT), Family Dollar Stores (FDO), Technical Analysis, Stocks to Buy

Family Dollar Stores (NYSE: FDO) operates a chain of more the 6,500 U.S. retail discount stores, offering consumables, home products, apparel, electronic items and seasonal goods. The firm specializes in neighborhood outlets, located near its low- and middle-income customers in rural and urban areas. Most items are priced under $10. Wal-Mart Stores (NYSE: WMT) and Dollar Tree (NASDAQ: DLTR) are major competitors.

The company pleased investors last week, when it reported fiscal Q3 EPS of 46 cents and revenues of $1.7 billion. Analysts had been looking for 40 cents and $1.7 billion. The CEO attributed success to the company's "intense focus on controlling expenses and mitigating inventory risk." Management also guided Q4 EPS to 30-35 cents (29 cent consensus).

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