Dollar General (DG) Misses Q1 EPS by 1c; Comps Up 1.5%
Dollar General (NYSE: DG) reported Q1 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $4.52 billion versus the consensus estimate of $4.56 billion.
Same-store sales increased 1.5 percent resulting from increases in both customer traffic and average transaction amount. Sales increases in consumables significantly outpaced the Company’s non-consumable categories, led by increased sales of tobacco products, perishables and candy and snacks. Sales were impacted by unfavorable weather conditions during much of the quarter, a competitive retail environment and continued financial pressures on the Company’s core customers.
Dollar General sees FY2014 EPS of $3.45 - $3.55, versus the consensus of $3.51.
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