Family Dollar Says Earnings Hurt by Delay in Tax Refunds
Family Dollar reports weaker-than-expected quarterly profits, saying a delay in tax refunds hurt sales at the end of January and early February.
Family Dollar reports weaker-than-expected quarterly profits, saying a delay in tax refunds hurt sales at the end of January and early February.
The quarter winds down this week with earnings reports from a handful of companies including Lennar, Family Dollar and Krispy Kreme. And on Friday, investors will zero in on the March unemployment report, which could have the potential to move the market.
Discount retailer Family Dollar posted a better-than-expected profit jump during the fourth quarter as it continues to lure budget-conscious shoppers into its stores. The company also announced plans to purchase $750 million of its common stock.
Pharmacy giant Walgreen's earnings are expected to be flat year-over-year, while Family Dollar Stores and electronics manufacturer Jabil Circuit are expected to post earnings gains.



