Dollar General Books Vigorous Sales and Accelerates Planned Store Growth
National discount retailer Dollar General (NYSE: DG) continued to combine sales momentum with cost control in its latest earnings period. Fiscal third-quarter 2019 results revealed healthy growth in same-store sales and total revenue, both on a year-over-year and sequential basis. Management nudged up earnings guidance for the year, announced a new share repurchase authorization, and forecast a busier real estate project schedule for the upcoming fiscal year. Shareholders appeared to appreciate the confident outlook and bid up shares of the consumer staples giant by 1.5% in midmorning trade on Thursday.
Note that all comparative numbers that follow refer to those of the prior-year quarter.
Data source: Dollar General. EPS = earnings per share.
Source Fool.com
