UPDATE: Dollar General Q4 Profit Surges 31%

Dollar General Corp DG reported a rise in its fourth-quarter profit. Dollar General's quarterly profit rose to $292.5 million, or $0.85 per share, versus $222.6 million, or $0.64 per share, in the year-earlier period. Its adjusted profit came in at $0.87 per share. Sales climbed 20% to $4.19 billion. However, analysts were expecting earnings of $0.82 per share on sales of $4.1 billion. Dollar General projects current fiscal-year adjusted profit of $2.65 to $2.75 per share, versus analysts' estimates of $2.71 per share. Dollar General shares closed at $44.75 yesterday.