Financial Results, Monthly Sales Data, Stock Price Updates, and Earnings Releases Schedules - Analyst Notes on Family Dollar, Gap , Costco , Dollar General and Whole Foods Market
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Family Dollar Stores Inc. (NYSE: FDO), Gap Inc. (NYSE: GPS), Costco Wholesale Corporation (NASDAQ: COST), Dollar General Corporation (NYSE: DG) and Whole Foods Market, Inc. (NASDAQ: WFM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1155-100free.
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Family Dollar Stores Inc. Analyst Notes
On April 10, 2014, Family Dollar Stores Inc. (Family Dollar) announced its financial results for Q2 FY 2014 (period ended March 1, 2014), which fell short of management's expectations. The Company reported a 6.1% YoY decrease in net sales to $2.7 billion in the quarter. Net Income for Q2 FY 2014 came in at $90.9 million or $0.80 per diluted share, as compared to $140.1 million or $1.21 per diluted share in Q2 FY 2013. For Q3 FY 2014, the Company expects that comparable store sales will decline in the low-single-digit range and that earnings per diluted share will be between $0.85 and $0.95, excluding approximately $0.13 per share related to restructuring charges. The retailer informed that it will close 370 underperforming stores in the second half of FY 2014 and will be slowing new store growth beginning FY 2015. Shares of Family Dollar fell 3.22% to end at $57.17. The full analyst notes on Family Dollar are available to download free of charge at:
http://www.analystsreview.com/1155-FDO-.pdf
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Gap Inc. Analyst Notes
On April 10, 2014, Gap Inc. (Gap) reported net sales of $1.51 billion for the month of March 2014 (ended April 5, 2014). The Company's comparable sales for the month of March declined 6% as compared to a 1% decline in March 2013. For the month of March, comparable sales of Gap global brands declined 7% versus zero growth witnessed in March 2013, a decrease of 4% versus an increase of 1% in the previous period for Banana Republic Global, and a decline of 7% as compared to the decline of 2% in the year ago period for Old Navy Global. Furthermore, Gap reaffirmed its previous EPS guidance range of $2.90 to $2.95 for FY 2014. The Company informed that it will report its April sales on May 8, 2014. The full analyst notes on Gap are available to download free of charge at:
http://www.analystsreview.com/1155-GPS-.pdf
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Costco Wholesale Corporation Analyst Notes
On April 10, 2014, Costco Wholesale Corporation (Costco) reported net sales of $10.43 billion for the month of March 2014 (period ended April 6, 2014), an increase of 8% YoY. The Company informed that this year's monthly data included 35 days of sales compared to 34 last year, which positively impacted this year's net and comparable sales by an estimated 1.0%-1.5%. Costco plans to release its operating results for Q3 FY 2014 (period ending May 11, 2014), on May 29, 2014. The full analyst notes on Costco are available to download free of charge at:
http://www.analystsreview.com/1155-COST-.pdf
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Dollar General Corporation Analyst Notes
On April 10, 2014, the shares of Dollar General Corporation (Dollar General) edged 1.61% lower, ending the day at $55.45. During the session, the Company's shares opened at $56.37 and vacillated in the range of $55.44 - $56.55. A total of 6.08 million shares changed hands during the day. Over the past 12 months, the shares of the Company increased 10.28%, as compared to the NYSE Composite, which increased 12.27% during the same period. The full analyst notes on Dollar General are available to download free of charge at:
http://www.analystsreview.com/1155-DG-.pdf
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Whole Foods Market, Inc. Analyst Notes
On April 10, 2014, Whole Foods Market, Inc. (Whole Foods Market) announced that it will issue financial results for Q2 FY 2014 (period ending April 13, 2014) after the market closes on Tuesday, May 6, 2014. The Company will hold a conference call with financial analysts and investors at 4:00 p.m. - 4:30 p.m. CT on the same day. According to Zacks Investment Research Data, the consensus EPS estimate for Q2 FY 2014 is $0.40. The full analyst notes on Whole Foods Market are available to download free of charge at:
http://www.analystsreview.com/1155-WFM-.pdf
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