Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Dollar General Corp.    DG

Delayed Quote. Delayed  - 07/28 10:02:01 pm
95.07 USD   --.--%
12:35a DOLLAR GENERAL : buys former Wal-Mart store in Columbus
07/28 DOLLAR GENERAL : proposing store in Troy
07/28 DOLLAR GENERAL : to Host Second Quarter 2016 Earnings Conference Cal..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Dollar General 3rd-Quarter Profit Rose 21% as Consumables Lead Sales Growth

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/11/2012 | 01:45pm CEST
   By Tess Stynes 
 

Dollar General Corp.'s (>> Dollar General Corp.) fiscal third-quarter earnings rose 21% as the discount retailer reported that increased sales of consumable items outpaced sales growth in other categories.

For the year, the company raised the lower end of its per-share earnings estimate by a nickel and now expects $2.82 to $2.85 and affirmed its projection for same-store-sales growth.

Dollar General has posted higher profits recently as it continues to add new stores and has been stocking better-known brands on it shelves. The company has also been experimenting with bigger stores and refurbishing old ones.

Ahead of the holiday selling season, the discount chain has been offering 10% discounts on toy purchases totaling $75 or more. Dollar General also had added more licensed and name-brand items to its toy line-up, from companies such as Mattel Inc. (>> Mattel, Inc.), Walt Disney Co. (>> The Walt Disney Company) and Hasbro Inc. (>> Hasbro, Inc.). Many toys offered by Dollar General are priced between $3 and $20.

"Although our performance over the Thanksgiving weekend and start of the holiday season has been encouraging, we continue to be cautious for the remainder of the year," Chairman and Chief Executive Rick Dreiling said. "We are facing a significant same-store sales comparison from our 2011 fourth quarter, which included very strong January sales, growing near-term pressures that are impacting our customers' confidence and spending, and a challenging competitive environment."

For the quarter ended Nov. 2, Dollar General reported a profit of $208 million, or 62 cents a share, up from $171 million, or 50 cents a share, a year earlier. Excluding stock-based compensation impacts and other items, adjusted earnings were 63 cents.

Revenue increased 10% to $3.96 billion amid increases in customer traffic and average transaction amount. Same-store sales were up 4%.

Analysts polled by Thomson Reuters most recently projected earnings of 60 cents on revenue of $3.96 billion.

Gross margin fell to 30.9% from 31% amid higher markdowns, an increased portion of consumable items in the sales mix an increased rate of shoplifting .

Sales of consumable items--which account for the bulk of Dollar General's top line--rose 11% to $3 billion, led by strong growth in sales of candy and snacks and perishables offerings.

Shares of Dollar General, which recently replaced Cooper Industries PLC in the Standard & Poor's 500-stock index after the electrical-products maker was acquired by Eaton Corp. (>> Eaton Corporation), closed Monday at $46.57 and were inactive premarket.

Write to Tess Stynes at tess.stynes@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOLLAR GENERAL CORP.
09:03a DOLLAR GENERAL : Driveline Retail and Dollar General Enter into Long-Term Strate..
12:35a DOLLAR GENERAL : buys former Wal-Mart store in Columbus
07/28 DOLLAR GENERAL : proposing store in Troy
07/28 DOLLAR GENERAL : to Host Second Quarter 2016 Earnings Conference Call on August ..
07/28 DOLLAR GENERAL : buys 41 former Walmart Express stores
07/28 DOLLAR GENERAL : Residents want help stopping Dollar General
07/28 DOLLAR GENERAL : Volunteer Ascension gives back to community
07/28 DOLLAR GENERAL : to open Enfield store in September
07/27DJDollar General Buys 41 Walmart Express Stores
07/27DJDOLLAR GENERAL : Buys 41 Walmart Express Stores
More news
Sector news : Discount Stores - NEC
07/28DJWALGREENS BOOTS ALLIANCE : to Shut Down to Shut Down to Shut Down
07/26DJWAL MART DE MEXICO B DE C V : -Mart de Mexico Profit Falls
07/26DJWAL MART DE MEXICO B DE C V : -Mart de Mexico Profit Falls
07/21DJFinance Watch -- WSJ
07/20DJTARGET : Hires Supply Chain Executive From Apple
More sector news : Discount Stores - NEC
News from SeekingAlpha
07/27 Dollar General picks up 41 old Walmart Express locations for new stores
07/20 Dollar stores continue to outperform with wealthier shoppers in the mix
07/15 Stocks Are Not Overvalued - Cramer's Mad Money (7/14/16)
07/14 What's McDonald's doing inside the Pokémon code?
07/08 COSTCO : Flight To Safety
Advertisement
Financials ($)
Sales 2017 22 411 M
EBIT 2017 2 175 M
Net income 2017 1 313 M
Debt 2017 2 996 M
Yield 2017 0,85%
P/E ratio 2017 20,53
P/E ratio 2018 18,33
EV / Sales 2017 1,34x
EV / Sales 2018 1,26x
Capitalization 26 979 M
More Financials
Chart DOLLAR GENERAL CORP.
Duration : Period :
Dollar General Corp. Technical Analysis Chart | DG | US2566771059 | 4-Traders
Full-screen chart
Technical analysis trends DOLLAR GENERAL CORP.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 99,0 $
Spread / Average Target 4,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Todd J. Vasos Chief Executive Officer & Director
Mike M. Calbert Chairman
John W. Garratt Chief Financial Officer & Executive Vice President
Warren F. Bryant Independent Director
William C. Rhodes Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR GENERAL CORP.32.28%26 979
COSTCO WHOLESALE CORPO..3.00%72 872
TARGET CORPORATION3.00%44 072
WAL-MART DE MEXICO S A..0.39%39 701
DOLLARAMA INC21.58%8 731
VIPSHOP HOLDINGS LTD -..-6.68%8 379
More Results