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VOL. 42 | NO. 21 | Friday, May 25, 2018

Dollar General 1Q profit surges, but still short

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NEW YORK (AP) — Dollar General reported a surge in first-quarter profit, but inclement weather doused enough business to leave the retailer short of Wall Street expectations almost across the board.

Same-store sales were also disappointing and shares fell 6 percent before the opening bell Thursday.

Profit jumped 9 percent to $364.9 million, or $1.36 per share, falling short of the expectations of industry analysts by 4 cents, according to a survey by Zacks Investment Research.

Revenue jumped 30.5 percent to $6.11 billion, but that was also shy of Wall Street projections.

Same-store sales rose 2.1 percent. Analysts were looking for a 3.2 percent boost.

Dollar General Corp. expects full-year earnings of between 5.95 and $6.15 per share, which is in line with projections by analysts.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0