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

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

Delayed Quote. Delayed  - 03/28 10:04:34 pm
68.55 USD   -0.61%
03/28 DOLLAR GENERAL : Announces Pricing of $600.0 Million of Senior Note..
03/27 DOLLAR GENERAL : construction begins
03/25 DOLLAR GENERAL : construction begins
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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.
03/28 DOLLAR GENERAL CORPORATION : Announces Pricing of $600.0 Million of Senior Notes
03/27 DOLLAR GENERAL : construction begins
03/25 DOLLAR GENERAL : construction begins
03/25 DOLLAR GENERAL : Elderly driver crashes into Dollar General propane cage, cracks..
03/24 DOLLAR GENERAL : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND..
03/24 DOLLAR GENERAL : opens second location in Little River, third one in the works
03/23 DOLLAR GENERAL CORPORATION (NYSE : DG) Files An 8-K Amendments to Articles of In..
03/23 DOLLAR GENERAL : Another retailer taking small-format store approach
03/23 DOLLAR GENERAL CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal..
03/23 DOLLAR GENERAL : Reports Fourth Quarter and Fiscal 2016 Financial Results; Compa..
More news
Sector news : Discount Stores - NEC
03/23DJTARGET : Jessica Alba's Startup Pulls Bottles of Dish Soap That Were Underfilled
03/21 General Mills' inability to cut prices eats into sales
03/21DJCOSTCO WHOLESALE : A Big Battle Over Little Golf Balls -- WSJ
03/20DJCOSTCO WHOLESALE : Sues Titleist In Battle Over Golf Balls
03/16 Dollar General looks to fortify strong sales growth with pay hikes
More sector news : Discount Stores - NEC
News from SeekingAlpha
03/25 Amazon looks to disrupt retail store concept
03/23 Credit Suisse negative on Dollar General
03/17 Labor costs nip at Dollar General
03/16 Dollar General Corp's (DG) CEO Todd Vasos on Q4 2016 Results - Earnings Call ..
03/16 Dollar General battles through retail pressure
Advertisement
Financials ($)
Sales 2018 23 153 M
EBIT 2018 2 035 M
Net income 2018 1 239 M
Debt 2018 2 632 M
Yield 2018 1,51%
P/E ratio 2018 15,11
P/E ratio 2019 13,73
EV / Sales 2018 0,93x
EV / Sales 2019 0,86x
Capitalization 18 858 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
TrendsBearishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 79,1 $
Spread / Average Target 15%
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.-7.45%18 858
COSTCO WHOLESALE CORPO..4.16%73 202
WAL-MART DE MEXICO S A..13.28%38 807
TARGET CORPORATION-25.79%29 623
DOLLARAMA INC1.11%8 539
VIPSHOP HOLDINGS LTD -..26.98%8 203
More Results