Dollar General: Fiscal 2Q Earnings Snapshot
GOODLETTSVILLE, Tenn. (AP) _ Dollar General Corp. (DG) on Thursday reported fiscal second-quarter net income of $426.6 million.
The Goodlettsville, Tennessee-based company said it had net income of $1.65 per share. Earnings, adjusted for non-recurring costs, came to $1.74 per share.
The results surpassed Wall Street expectations. The average estimate of 23 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The discount retailer posted revenue of $6.98 billion in the period, also topping Street forecasts. Twenty-three analysts surveyed by Zacks expected $6.89 billion.
Dollar General expects full-year earnings in the range of $6.45 to $6.60 per share.
Dollar General shares have increased 31% since the beginning of the year, while the Standard & Poor’s 500 index has increased 15%. The stock has increased 32% in the last 12 months.