Dollar General: Fiscal 2Q Earnings Snapshot
GOODLETTSVILLE, Tenn. (AP) _ Dollar General Corp. (DG) on Thursday reported fiscal second-quarter earnings of $407.2 million.
The Goodlettsville, Tennessee-based company said it had profit of $1.52 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The discount retailer posted revenue of $6.44 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.37 billion.
Dollar General expects full-year earnings to be $5.95 to $6.15 per share.
Dollar General shares have increased 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 9 percent. The stock has climbed 39 percent in the last 12 months.