{"id":37081,"date":"2016-03-10T16:35:06","date_gmt":"2016-03-10T22:35:06","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=37081"},"modified":"2016-03-10T16:35:06","modified_gmt":"2016-03-10T22:35:06","slug":"dollar-general-reports-better-than-expected-q4-earnings","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/dollar-general-reports-better-than-expected-q4-earnings\/","title":{"rendered":"Dollar General reports better-than-expected Q4 earnings"},"content":{"rendered":"

\u00a0By Ashesha Mehrotra <\/strong><\/p>\n

Variety store chain Dollar General Corp.\u2019s stock surged 10.6 percent after the company reported\u00a0higher earnings based\u00a0on rising\u00a0sales of such\u00a0items as candy and snacks, tobacco and perishables.<\/p>\n

In\u00a0the quarter ended Jan. 29, the Tennessee-based company\u2019s net income rose to $376.2 million, or $1.30 per diluted share, from $355.4 million, or $1.17 per share, in the January quarter last year, surpassing the analysts\u2019 estimate of $1.26.<\/p>\n

Excluding non-operating items, the company said, adjusted earnings were $1.1 billion, or $3.96 a share, versus $ 1.06 billion, or $ 3.50, in the year-ago quarter.<\/p>\n

<\/p>\n

The company reported a same-store sales increase of 2.2 percent, resulting from rise in both customer traffic and average transaction amount. Additionally, the comparable sales, or sales at stores open at least 12 months, were driven by strength in both consumables (candy and snacks, tobacco and perishables) and non-consumable category(seasonal and home), offset by a modest decline in apparel.<\/p>\n

For the fiscal year, net income was $1.16 billion or $3.95 per diluted share, a significant increase from $1.06 billion, or $3.49 per share in the previous year. Sales were $20.6 billion, up from $18.9 billion.<\/p>\n

Dollar General Share Price 2015-2016<\/h2>\n

[field name=”chart”]<\/p>\n

Dollar General stock surged after strong Q4 earnings. (Ashesha Mehrotra\/MEDILL)<\/div>\n

Todd Vasos, Dollar General’s chief executive officer, said in a statement, \u201cFor the 26th consecutive year, we delivered positive same-store sales growth. In the fourth quarter, we effectively balanced sales and operating profit through our toughest quarterly comparison of the year to deliver.\u201d<\/p>\n

Analysts predict a further\u00a0rise in same-store sales\u00a0in the fiscal year\u00a0 ending Feb. 3, 2017.<\/p>\n

Ken Perkins, an analyst at Morningstar, wrote in his note, \u201cIn addition to store growth, category expansions should help to drive incremental purchases and market share gains over the medium term.\u201d<\/p>\n

Last year Dollar General opened 730 new outlets and remodeled and\/or relocated 881 outlets.\u00a0In the current\u00a0fiscal year the company plans to open about 900 new stores and relocate or remodel around 875 stores.<\/p>\n

In New York Stock Exchange trading Thursday, Dollar General shares closed at $83.21, up $8 or 10.6 percent.<\/p>\n

Photo at top: Dollar General reports strong Q4 earnings.(Lawyersgunsmoneyblog.com<\/a>)<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0By Ashesha Mehrotra Variety store chain Dollar General Corp.\u2019s stock surged 10.6 percent after the company reported\u00a0higher earnings based\u00a0on rising\u00a0sales of such\u00a0items as candy and snacks, tobacco and perishables. In\u00a0the quarter ended Jan. 29, the Tennessee-based company\u2019s net income rose to $376.2 million, or $1.30 per diluted share, from $355.4 million, or $1.17 per share, […]<\/p>\n","protected":false},"author":239,"featured_media":37084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,585],"tags":[],"class_list":["post-37081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2016"],"yoast_head":"\nDollar General reports better-than-expected Q4 earnings - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/dollar-general-reports-better-than-expected-q4-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar General reports better-than-expected Q4 earnings - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"\u00a0By Ashesha Mehrotra Variety store chain Dollar General Corp.\u2019s stock surged 10.6 percent after the company reported\u00a0higher earnings based\u00a0on rising\u00a0sales of such\u00a0items as candy and snacks, tobacco and perishables. 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