If you have purchased shares of Family Dollar Stores, Inc. (NYSE:FDO) between October 3, 2012 and January 2, 2013, call 1-800-934-2921 right now to protect your rights.

Filing deadline:    04/22/2013

Family Dollar Stores, Inc. had issued statements showing that its Total Revenue had risen to more than $8.54 billion for the 52-week period that ended on August 27, 2011, up from more than $7.4 billion for the 52-week period that ended on August 29, 2009. The company also reported that its Net Income rose to $388.44 million, up from $291.27 million within these respective time periods. 

The value of Family Dollar Stores’ shares rose from less than $26 at the beginning of 2009 to $73.26 by June 2012.

According to the plaintiff, Family Dollars Stores, some of the directors and officers contravened the 1934 Securities Exchange Act by providing misleading and materially false statements. The statements did not give the company’s true financial results, profitability and sales demand for its first quarter of 2013.

The plaintiff has filed the complaint on behalf of the investors who bought the company’s common stock from October 3, 2012 to January 2, 2013.

Family Dollar Stores reported the results of its sales and earnings for its fourth quarter that ended August 25, 2012 on October 3, 2012. The report showed that the company’s Net Income was $422.24 million while its Total Revenue was more than $9.33 billion for the 52-week period ended August 25, 2012.

The company’s EPS guidance issued at the time for the 53-week period ending August 31, 2013 placed the earnings per diluted share between $4.10 and $4.40. The earning per diluted share for 2012 fiscal year was $3.58.

The lawsuit claims that the misleading statements led to artificial inflation of Family Dollar’s stock from October 3, 2012 to January 2, 2013. In November 30, 2012, the price per share was as high as $71.20.

Family Dollar Stores reported the results of its first fiscal quarter of 2013 that ended November 24, 2012 on January 3, 2013. The new statements showed a revised EPS guidance for 2013 fiscal year, which ends on August 31, 2013. The new guidance placed the diluted earnings per share between $3.95 and $4.20.

Between January 2 and 3, 2013, the value of Family Dollar Stores shares dipped from $64.04 to $55.74. When trading closed on February 21, 2013, the price per share was $56.30.

Own shares of Family Dollar Stores, Inc. (NYSE:FDO) ? Contact us to protect your rights.

If you have purchased shares of Family Dollar Stores, Inc. (NYSE:FDO) between October 3, 2012 and January 2, 2013, call 1-800-934-2921 right now to protect your rights. Complete the form on this page or call attorney Bill Kyros at 1-800-934-2921 right now to protect your rights.