UPDATE: Dollar General Posts Downbeat Q4 Sales

Dollar General

reported a gain in its fourth-quarter profit. Dollar General's quarterly profit surged to $322.2 million, or $1.01 per share, versus a year-ago profit of $317.4 million, or $0.97 per share. Its net sales rose to $4.49 billion versus $4.21 billion, while same-store sales climbed 1.3%. However, analysts were estimating earnings of $1.01 per share on sales of $4.62 billion. For the first quarter, Dollar General projects earnings of $0.72 to $0.74 per share and total sales to increase 7% to 8%. It projects FY14 earnings of $3.45 to $3.55 per share and total sales to surged 8% to 9%. Dollar General shares fell 3.42% to $57.25 in pre-market trading.