Dollar General Earnings: Here’s Why Investors are Happy Now
Dollar General Corporation (NYSE:DG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.12%.
Dollar General Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.59% to $0.77 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Rose 11.28% to $4.39 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dollar General Corporation reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.74. It beat the average revenue estimate of $4.36 billion.
Quoting Management: “Dollar General delivered another solid quarter. Our same-store sales growth for the second quarter of 2013 accelerated to 5.1 percent. We are very pleased with the increase in customer traffic in our stores. We continue to grow our market share and believe that our second quarter results position us well to deliver our financial outlook for the year,” said Rick Dreiling, Dollar General’s chairman and chief executive officer.
Key Stats (on next page)…