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.

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