FDO 1Q11 EPS Below Goldman Sachs/Consensus

Family Dollar Stores, Inc. FDO reported 1Q11 EPS of $0.58, below GS/consensus at $0.59/$0.61, Goldman Sachs reports. “The company also reported December SSS of 4%, below expectations,” Goldman Sachs writes. “However, management raised FY EPS guidance and maintained FY11 SSS of +5-7%. We are lowering our F11/12/13 EPS to $3.10/$3.60/$4.10 from $3.15/$3.65/$4.15, as we lower 2H SSS estimates to 5% from 6%.” Family Dollar Stores closed Wednesday at $44.99.