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Dollar General Corporation Message Board

  • bluecheese4u bluecheese4u Sep 5, 2012 9:25 AM Flag

    Dollar General Corporation Reports Strong Second Quarter Results

    Dollar General Corporation Reports Strong Second Quarter Results

    •Second Quarter Same-Store Sales Increased 5.1%; Total Sales Improved 10.4%
    •Adjusted Operating Profit Increased 10.9%; Reported Operating Profit Increased 10.6%
    •Adjusted Net Income Increased 27%; Adjusted EPS Increased 33% to $0.69
    •Reported Net Income Increased 47%; Reported EPS Increased 52% to $0.64
    •Company Raises Earnings Guidance
    •Announces Additional $500 Million Share Repurchase Authorization

    September 5, 2012

    GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)-- Dollar General Corporation (NYSE: DG) today reported strong sales, operating profit and net income for its fiscal 2012 second quarter (13 weeks) ended August 3, 2012.

    "Dollar General had another strong quarter," said Rick Dreiling, chairman and chief executive officer. "Our same-store sales increase of 5.1 percent demonstrates the ongoing execution of the initiatives around our key operating priorities and is evidence of our continued importance to our customers."

    "We are pleased with the start of our third quarter and have refined our expectation for full year same-store sales growth to 4 to 5 percent, an increase from our previous expectation of 3 to 5 percent. In addition, we are raising our full year adjusted earnings per share guidance to a range of $2.77 to $2.85, including a $0.04 per share benefit from the settlement of an income tax audit in the second quarter, from our previous guidance of $2.68 to $2.78. We are well positioned to continue to broaden our appeal to more customers and to provide them with convenience and everyday low prices they can depend on."

    Second Quarter Highlights

    The Company's net income increased by 47 percent to $214 million in the 2012 second quarter, compared to net income of...

67.93-0.05(-0.07%)Oct 21 4:04 PMEDT