Dollar General beats by $0.01, reports revs in-line; reaffirms FY16 guidance
Reports Q2 (Jul) earnings of $0.95 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.94; revenues rose 8.1% year/year to $5.1 bln vs the $5.13 bln consensus. Reports same store sales growth of 2.8%.
- Co reaffirms guidance for FY16, sees EPS of $3.85-3.95 vs. $3.95 Capital IQ Consensus Estimate. Total sales are expected to increase 8-9%, vs. consensus expectations for +8%, with same-store sales expected to increase 3 to 3.5 percent.
- Considering sales performance to date and the current operating environment, co sees same-store sales likely to be closer to the low-end of the range.