logo
Plus   Neg
Share
Email

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

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT