Dollar General Reports Mixed Earnings, Issues Strong 2011 Gu
Dollar General Corporation (NYSE:DG) reported Q4 EPS of $0.64, beating the consensus estimate for $0.59 per share. Revenue was up 9.4% year-over-year to $3.49 billion, vs. the consensus expectation for $3.52 billion.The company had same-store sales increase 3.8% in the 4th quarter over Q4 2009.Rick Dreiling, chairman and chief executive officer, said, "Dollar General had a great year in 2010. While weather impacted our sales momentum in the second half of the fourth quarter, we effectively balanced our sales, delivering gross margin expansion, expense leverage and excellent financial results. Dollar General is a strong company with a tremendous foundation for continued growth. Our track record of executing our key initiatives over the past three years gives me confidence that the Dollar General team can successfully execute our 2011 goals. We are off to a strong start in 2011. Even in a challenging macroeconomic environment, we expect to deliver strong financial performance in 2011, in
Credit: Financial News Network
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