Dollar General (DG) Misses Q3 EPS by 1c; Approves Additional $1B Common Stock Buyback

Dollar General (NYSE: DG) reported Q3 EPS of $0.86, $0.01 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $5.07 billion versus the consensus estimate of $5.09 billion.

Same-Store Sales Increased 2.3%

On December 2, 2015, the Company’s Board of Directors authorized an additional $1.0 billion for share repurchases, increasing the total authorization for future repurchases to $1.2 billion. The authorization has no expiration date.

Dollar General also announced the promotion of John W. Garratt to executive vice president and chief financial officer (CFO), effective December 2, 2015. Garratt has served as Dollar General’s interim CFO since June 2015 and previously served as its senior vice president of finance and strategy since joining the Company in October 2014.

GUIDANCE:

Dollar General sees Q4 2015 EPS of $1.23-$1.28, versus the consensus of $1.27.

Dollar General sees FY2016 EPS of $3.88-$3.93, versus the consensus of $3.92.

For earnings history and earnings-related data on Dollar General (DG) click here.

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