Dollar General: Fiscal 1Q Earnings Snapshot
GOODLETTSVILLE, Tenn. (AP) _ Dollar General Corp. (DG) on Thursday reported fiscal first-quarter earnings of $385 million.
The Goodlettsville, Tennessee-based company said it had profit of $1.48 per share.
The results surpassed Wall Street expectations. The average estimate of 23 analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The discount retailer posted revenue of $6.62 billion in the period, also topping Street forecasts. Twenty-four analysts surveyed by Zacks expected $6.57 billion.
Dollar General expects full-year earnings to be $6.30 to $6.50 per share.
Dollar General shares have increased roughly 10% since the beginning of the year, while the Standard & Poor’s 500 index has increased 11%. The stock has increased 23% in the last 12 months.