Family Dollar Stores Inc., which posted a 23% rise in fiscal fourth-quarter profit Wednesday, said low-income shoppers are being joined by middle-class consumers in the discount chain's aisles.
A Family Dollar shopper in Charlotte, N.C. The chain plans to renovate at least 600 stores.
.The company said customers are still struggling financially and continue to seek bargains in apparel, pantry staples and other items. Family Dollar also said it plans to accelerate new-store growth and begin a store-renovation program.
"More middle-ish income consumers are starting to shop with us," Howard Levine, the company's chairman and chief executive, said during a conference call. "We think that we have a great opportunity here to try to get some stickiness to that customer."
Shares in Family Dollar rose 1.6% to $44.05 at 4 p.m. Wednesday in composite trading on the New York Stock Exchange. The company's stock is up 60% so far this year.
online.wsj.com
Showing posts with label Rises. Show all posts
Showing posts with label Rises. Show all posts
Wednesday, March 30, 2011
Thursday, February 10, 2011
Whole Foods Rises After Boosting Annual Profit, Sales Goals
Whole Foods Market Inc., the largest U.S. natural-goods grocer, surged the most in more than three months after raising its annual forecasts, buoyed by freer- spending consumers prepared to pay for healthy food.
Earnings will be as much as $1.80 a share in 2011, the company said yesterday after markets closed. That compared with a previous target of as much as $1.71. The Austin, Texas-based grocer also raised its sales growth forecasts for the year, citing increasing consumer confidence.
www.bloomberg.com
Earnings will be as much as $1.80 a share in 2011, the company said yesterday after markets closed. That compared with a previous target of as much as $1.71. The Austin, Texas-based grocer also raised its sales growth forecasts for the year, citing increasing consumer confidence.
www.bloomberg.com
Monday, January 24, 2011
McDonald's Profit Rises 2.1%
McDonald's Profit Rises 2.1%
McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items attracted diners, offsetting slower-than-estimated December sales because of snowstorms.
Net income rose to $1.24 billion, or $1.16 a share, the Oak Brook, Illinois-based company said today in a statement. In the U.S., same-store sales advanced 2.6 percent last month, compared with a 4 percent average of five analysts’ estimates compiled by Bloomberg. MCDONALDS
AVERAGE PROPERTY AND LEASE
Price Range
$500,000 - $2.5M
CAP Rate (6 month avg)
5.65%
NOI
$65,000
$/sf
$305.00
Building Size
4,000 sf
Lot Size
1.10 +/- acres
Lease Term
20 Year Ground Lease
Escalations
10% Every 5 years
CREDIT RATING
A3 A
Moody's
RECENT SALES
Whitman, MA
$1,220,000 | 5.74%
Cape Coral, FL
$1,067,000 | 5.62%
MCDONALDS TREND
CAP Rate
2009 avg. 5.74%
2010 avg. 5.81%
McDonald's, with its "golden arches" and Dollar Menu, remains the dominant brand in the QSR space. With primary, secondary, and tertiary market locations, McDonald's size and reach provide a strategic competitive advantage, as well as varying risk/return investment opportunities for net lease property buyers. Brand recognition, operating stability, and strong credit ratings reinforce McDonald's standing as a prime net lease investment property.
McDonald's Corporation (NYSE: MCD) is the world's largest chain of quick-service restaurants (QSR), serving nearly 47 million customers daily, with about 32,000 restaurants serving burgers and fries in about 120 countries. McDonald's Corporation franchises and operates McDonald's restaurants that serve a varied, limited, value-priced menu in more than 100 countries globally.
McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items attracted diners, offsetting slower-than-estimated December sales because of snowstorms.
Net income rose to $1.24 billion, or $1.16 a share, the Oak Brook, Illinois-based company said today in a statement. In the U.S., same-store sales advanced 2.6 percent last month, compared with a 4 percent average of five analysts’ estimates compiled by Bloomberg. MCDONALDS
AVERAGE PROPERTY AND LEASE
Price Range
$500,000 - $2.5M
CAP Rate (6 month avg)
5.65%
NOI
$65,000
$/sf
$305.00
Building Size
4,000 sf
Lot Size
1.10 +/- acres
Lease Term
20 Year Ground Lease
Escalations
10% Every 5 years
CREDIT RATING
A3 A
Moody's
RECENT SALES
Whitman, MA
$1,220,000 | 5.74%
Cape Coral, FL
$1,067,000 | 5.62%
MCDONALDS TREND
CAP Rate
2009 avg. 5.74%
2010 avg. 5.81%
McDonald's, with its "golden arches" and Dollar Menu, remains the dominant brand in the QSR space. With primary, secondary, and tertiary market locations, McDonald's size and reach provide a strategic competitive advantage, as well as varying risk/return investment opportunities for net lease property buyers. Brand recognition, operating stability, and strong credit ratings reinforce McDonald's standing as a prime net lease investment property.
McDonald's Corporation (NYSE: MCD) is the world's largest chain of quick-service restaurants (QSR), serving nearly 47 million customers daily, with about 32,000 restaurants serving burgers and fries in about 120 countries. McDonald's Corporation franchises and operates McDonald's restaurants that serve a varied, limited, value-priced menu in more than 100 countries globally.
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