(Updated - August 31, 2017 6:59 AM EDT)

Dollar General (NYSE: DG) reported Q2 EPS of $1.10, $0.01 better than the analyst estimate of $1.09. Revenue for the quarter came in at $5.83 billion versus the consensus estimate of $5.8 billion.

• Net Sales Increased 8.1%; Same-Store Sales Increased 2.6%
• Diluted Earnings Per Share of $1.08, Including Approximately $0.02 Charge Primarily for Lease Termination Costs
• $306 Million of Capital Returned to Shareholders Year to Date Through the Second Quarter
• Board of Directors Declares Third Quarter 2017 Dividend
• Company Updates Fiscal 2017 Diluted Earnings per Share Guidance to $4.35 to $4.50 from $4.25 to $4.50

Financial Outlook

For the 52-week fiscal year ending February 2, 2018 (“fiscal 2017”), and including the anticipated conversion timeframe discussed above under “Acquisition,” the Company is updating its financial guidance issued on June 1, 2017.

The Company now expects fiscal 2017 GAAP diluted earnings per share of $4.35 to $4.50, compared with prior guidance of $4.25 to $4.50. Although the Company continues to forecast fiscal 2017 same-store sales growth of slightly positive to an increase of two percent, the Company currently expects that results will be towards the upper end of such range. The Company continues to forecast fiscal 2017 net sales to increase by approximately five to seven percent. Expected capital expenditures for fiscal 2017 remain between $715 million and $765 million.

Share repurchases for fiscal 2017 continue to be forecasted at approximately $450 million.

For fiscal 2017, assuming the conversion of the Acquired Stores discussed above under “Acquisition,” the Company plans to open approximately 1,285 new stores, which includes the originally forecasted approximate 1,000 locations plus the net Acquired Stores, in addition to remodeling or relocating 760 stores.

The Company’s financial outlook does not reflect any potential impact from disaster-related expenses, including fixed asset and inventory impairment losses, related to Hurricane Harvey, given the assessment of damage is still in process.

GUIDANCE:

Dollar General sees FY2017 EPS of $4.35-$4.50, versus the consensus of $4.51.

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