Dollar General Shares Fall 5% On Lower Q2 Profit

Shares of variety store company Dollar General Corp.(DG) are down 5 percent as the company reported lower earnings during the second quarter.

Second-quarter earnings per share decreased 13.8% to $2.69 from $3.12, last year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $2.57 for the quarter. Analysts' estimates typically exclude special items. Net income was $637.0 million, a decrease of 19.1%.

Net sales decreased 0.4% to $8.65 billion. Analysts expected revenue of $8.59 billion, for the quarter. The company's same-store sales also saw a 4.7 percent decline in the period due to lower customer traffic.

Currently at $222.15, the stock has traded between $173.50 and $239.35 during the 52-week range.

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