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Dollar General Misses Q4 Earnings, But Comparable Sales, Outlook Beat Forecasts

Martin Baccardax

posted weaker-than-expected fourth quarter earnings Thursday and issued full-year profit guidance for 2019 that also fell shy of forecasts. Dollar General said adjusted earnings for the three months ending on February 1, the company's fiscal fourth quarter, came in at $1.84 per share, up 24% from the same period last year but five cents shy of the FactSet consensus forecast. Group sales, Dollar General said, rose 8.5% to $6.6 billion, a figure that matched the analysts' forecasts, but noted that same store sales rose by 4% from the same period last year, well ahead of the expected increase of 2.5%.