Family dollar

Posté par serge le 30 juin 2011 Laisser un commentaire (0) Aller vers les commentaires

juin 2011

Family Dollar, le détaillant “discount” américain, vient de publier les résultats de son troisième trimestre fiscal clos fin mai 2011. Sur la période, la firme enregistre un bénéfice net de 111,1 M$ et 0,91$ par titre, contre 104,4 M$ et 0,77$ un an avant. Ainsi, le bénéfice net a grimpé de 6,5% et le bpa de 18,2% en glissement annuel. Le consensus tablait sur un bpa de 0,95$. Les revenus augmentent de 7,8% à 2,153 Mds$, avec une performance de 4,7% à magasins comparables. Pour le T4 fiscal, les revenus sont attendus en hausse de 5-7% à magasins constants, pour un bpa allant de 62 à 70 cents

Family Dollar est sous les projecteurs ce jour à Wall Street. L’investisseur activiste William Ackman vient en effet de monter à 8,9% du capital du détaillant discount de Caroline du Nord via son hedge fund Pershing Square Capital Management LP. Fin mars, Ackman ne détenait encore que 4,7% des parts. Pershing possède actuellement 11 millions de titres. Le détaillant américain compte déjà un autre investisseur de renom à son capital, Nelson Peltz et son fonds Trian Fund Management s’affichant à 6,5%. Family Dollar avait repoussé en mars une offre de rachat de 7 Mds$ de Trian.

Introduction

In 1958, a 21-year-old entrepreneur with an interest in merchandising became intrigued with the idea of operating a low-overhead, self-service retail store. Leon Levine believed he could offer his customers a variety of high-quality, good value merchandise for under $2. Because he had grown up in his family’s retail store, he understood value, quality and customer satisfaction.

In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina, and was on his way to becoming a retailing legend. Right from the start, he had a well-developed philosophy of what Family Dollar would be and how it would operate, a philosophy from which he and his management team have never strayed. The concept is a simple one, “the customers are the boss, and you need to keep them happy.”

He created a general floorplan that he used in each of his stores that allowed customers to easily shop for their favorite products in any Family Dollar store. With the stores uniformly laid out and stocked, store managers were able to focus on providing good customer service. This concept for a self-serve, cash-and-carry neighborhood discount store in low to middle income neighborhoods proved so successful that today Family Dollar is a chain with over 6,800 stores from Maine to Arizona.

1959 – 1969 After the first store opens in November 1959 in Charlotte, the 1960’s begin Family Dollar’s expansion into Southern States.
1961 – First store opens in South Carolina.
1962 – First store opens in Georgia.
1965 – First store opens in Virginia.
1967 – 27 stores operating in four states with annual sales of more than $5 million.
1969 – 50th store opens in Charlotte.

1970 – Family Dollar goes public, offering common stock at $14.50/share (adjusted for stock splits each share is now equivalent to 162 shares).
1971 – 2 for 1 split of common stock. 100th store opens.
1972 – Common stock begins trading on American Stock Exchange. 2 for 1 split of common stock.
1974 – Distribution Center opens in Matthews, NC. 200th store opens.
1976 – First quarterly cash dividend on common stock is declared.
1977 – Annual sales exceed $100 million.
1978 – 300th store opens.
1979 – Common stock begins trading on New York Stock Exchange.

1981 – 400th store opens. 3 for 2 split of common stock.
1982 – 500th store opens. 3 for 2 split of common stock.
1983 – 700th store opens. 2 for 1 split of common stock.
1985 – 3 for 2 split of common stock.
1989 – 1500th store opens.
1992 – Annual sales exceed $1 billion. 2 for 1 split of common stock.
1993 – 2000th store opens.
1994 – Distribution Center opens in West Memphis, AR.
1996 – 2500th store opens.
1997 – 3 for 2 split of common stock.
1998 – Distribution Center opens in Front Royal, VA. 2 for 1 split of common stock.
1999 – Distribution Center opens in Duncan, OK.
With a unique merchandising concept providing consumers with convenience and everyday low prices, Family Dollar is well positioned to move forward as one of the fastest growing retailers in the country.
2000 – Annual sales exceed $3 billion. Distribution Center opens in Morehead, KY.
2001 – Family Dollar is added to the S&P 500 Index.
2002 – Family Dollar joins the ranks of the Fortune 500. Distribution Center opens in Maquoketa, IA.
2003 – Distribution Center opens in Odessa, TX. Family Dollar opens 5000th store in Jacksonville, FL.
2004 – Cash dividend increases for the 28th consecutive year. Annual sales exceed $5 billion.
2005 – Distribution Center open in Marianna, FL. Cash dividend increases for 29th consecutive year.
2006 – 2006 Cash dividend increases for 30th year. Distribution Center opens in Rome, NY.
2007 – Family Dollar establishes Family Hope to help Team Members affected by natural disasters.
2008 – Family Dollar stock finishes #1 among the S&P 500.
2009 – Family Dollar Celebrates 50th Anniversary.
With a unique merchandising concept providing consumers with convenience and everyday low prices, Family Dollar is well positioned to move forward as one of the fastest growing retailers in the country.

2000 – Annual sales exceed $3 billion. Distribution Center opens in Morehead, KY.
2001 – Family Dollar is added to the S&P 500 Index.
2002 – Family Dollar joins the ranks of the Fortune 500. Distribution Center opens in Maquoketa, IA.
2003 – Distribution Center opens in Odessa, TX. Family Dollar opens 5000th store in Jacksonville, FL.
2004 – Cash dividend increases for the 28th consecutive year. Annual sales exceed $5 billion.
2005 – Distribution Center open in Marianna, FL. Cash dividend increases for 29th consecutive year.
2006 – 2006 Cash dividend increases for 30th year. Distribution Center opens in Rome, NY.
2007 – Family Dollar establishes Family Hope to help Team Members affected by natural disasters.
2008 – Family Dollar stock finishes #1 among the S&P 500.
2009 – Family Dollar Celebrates 50th Anniversary.

With a unique merchandising concept providing consumers with convenience and everyday low prices, Family Dollar is well positioned to move forward as one of the fastest growing retailers in the country.