Dollar General (DG $34.99 +1.20) reported second quarter earnings of
$0.52 per share, excluding non-recurring items, $0.04 better than the Capital IQ
Consensus Estimate of $0.48.
Revenues rose 11.2% year/year to $3.58 billion versus the $3.54 bln consensus.
For its fiscal year 2012, the company raised its earnings to $2.22 to $2.30,
excluding non-recurring items, from $2.20 to $2.30 versus the $2.24 Capital IQ
Consensus Estimate; raises fiscal year 2012 revenue growth to +12% to +14% to
approx. $14.55 billion to $14.85 billion from +11% to +13% versus the $14.62 bln
Capital IQ Consensus Estimate; with comps +4% to 6%
The company said, "Our same-store sales increase of 5.9 percent in the quarter
represents an acceleration from the first quarter and demonstrates our ability
to balance the challenges of pricing and rising input costs. Our customers are
depending on us even more for the convenience and value we offer."






