9:32 am Dollar General Remains Fully Committed to 'Family General' Deal, Company Beats on Earnings
Dollar General (DG ) has been in acquisition talks with peer Family Dollar (FDO) for the better part of the past quarter. The companies have not yet completed the merger, but Dollar General released a statement today that they remain fully committed to the Family Dollar merger.
In addition, DG reported EPS and revenue for Q2 in line with street estimates. The company's inventory increased 4% per-store YoY, and the company did not repurchase any common stock in the quarter.