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VOL. 40 | NO. 10 | Friday, March 4, 2016
Dollar General beats 4Q profit forecasts
GOODLETTSVILLE (AP) — Dollar General Corp. (DG) on Thursday reported fiscal fourth-quarter net income of $376.2 million.
On a per-share basis, the Goodlettsville, Tennessee-based company said it had profit of $1.30.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The discount retailer posted revenue of $5.29 billion in the period, which matched Street forecasts.
For the year, the company reported profit of $1.17 billion, or $3.95 per share. Revenue was reported as $20.37 billion.
Dollar General shares have climbed nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 3 percent. The stock has risen almost 5 percent in the last 12 months.