EmailDollar General (DG) reported third quarter earnings of $0.50 per share, $0.03 better than the Capital IQ Consensus of $0.47, while revenues rose 11.5% year/year to $3.6 billion versus the $3.57 billion consensus. The company issued in-line guidance for fiscal year 2012 with EPS to $2.29-2.32 from $2.22-2.30 versus the $2.29 consensus and the company narrowed fiscal year 2012 revenues to +13% YoY to approximately $14.73 bln from +12-14% YoY versus the $14.71 billion Capital IQ Consensus Estimate.
Same-store sales, based on the comparable 52-week periods ended January 27, 2012 and January 28, 2011, are now expected to increase in a range of approximately 5.6 to 5.8 percent. Same-store sales in the 2011 fourth quarter, based on comparable 13-week periods, are expected to increase approximately five percent.
