Market Overview

UPDATE: Dollar General Q3 Profit Rises 21%

Related DG
Icahn Cashes Out At Family Dollar Ahead Of Acquisition
Dollar Tree's Acquisition Of Family Dollar Put Under The Microscope By Analysts
Dollar General Shares Dive After CEO Announces Retirement (Fox Business)

Dollar General (NYSE: DG) reported a 21% rise in its fiscal third-quarter earnings.

For the year, Dollar General now expects earnings of $2.82 to $2.85 per share.

Dollar General's quarterly profit surged to $208 million, or $0.62 per share, from $171 million, or $0.50 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $0.63 per share.

Its revenue rose 10% to $3.96 billion, while same-store sales increased 4%. However, analysts were expecting earnings of $0.60 per share on revenue of $3.96 billion.

Its gross margin declined to 30.9% from 31%.

Dollar General shares dropped 2.36% to $45.47 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Most Popular

Related Articles (DG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters