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Dollar General Updates FY17 Guidance - Quick Facts

Dollar General Corp. (DG) narrowed its fiscal 2017 GAAP earnings per share guidance to a range of $4.37 to $4.47, compared to its prior guidance range of $4.35 to $4.50. The company said its current earnings per share guidance range includes the estimated net negative impact on the third-quarter earnings per share results of $0.05 related to the hurricanes.

The company now forecasts: fiscal 2017 net sales growth of approximately seven percent, compared to its prior guidance range of five to seven percent growth.
Fiscal 2017 same-store sales growth is expected to be approximately 2.5 percent, compared to its prior expectation that same-store sales would fall at the upper end of the range of slightly positive to up two percent.

Third-quarter net income was $253 million, or $0.93 per share compared to $235 million, or $0.84 per share, prior year. An estimated $0.05 hurricane-related net negative impact, driven by hurricane-related expenses, is included in earnings per share for the 2017 third quarter.

Third-quarter net sales increased 11.0 percent to $5.90 billion compared to $5.32 billion, previous year. Same-store sales increased 4.3 percent.

by RTTNews Staff Writer

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