You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

Dollar General 4Q profit rises, traffic improves


GOODLETTSVILLE, Tenn. (AP) — Dollar General’s fiscal fourth-quarter net income climbed 9 percent as more customers came in to its stores and shoppers spent more per transaction.

The discounter earned $317.4 million, or 97 cents per share, for the period ended Feb. 1. That compares with $292.5 million, or 85 cents per share, a year earlier. Excluding the acceleration of equity-based compensation and other items, earnings in the year-ago quarter amounted to 87 cents per share.

Analysts surveyed by FactSet expected earnings of 90 cents per share, on average.

Revenue edged up 1 percent to $4.21 billion from $4.19 billion. Wall Street forecast $4.26 billion in revenue.

Revenue at stores open at least a year, a key indicator of a retailer’s health climbed 3 percent. This figure excludes results from stores recently opened or closed.

For the year, Dollar General Corp. earned $952.7 million, or $2.85 per share. In the previous year, the Goodlettsville, Tenn., company earned $766.7 million, or $2.22 per share. Annual revenue rose 8 percent to $16.02 billion from $14.81 billion.

Revenue at stores open at least a year increased 4.7 percent.

Dollar General expects 2013 adjusted earnings of $3.15 to $3.30 per share. Revenue is expected to be up 10 percent to 12 percent from 2012’s $16.02 billion, which implies $16.66 billion to $16.98 billion. Revenue at stores open at least a year is forecast to rise 4 percent to 6 percent.

Analysts expect earnings of $3.27 per share on revenue of $17.66 billion.

Dollar General had 10,506 stores in 40 states as of Feb. 1, including about 50 in the Dayton, Springfield, Middletown and Hamilton areas.

Its stock closed Monday at $51.12, up $1.05 or 2.1 percentadded 74 cents to $50.81.


Reader Comments ...


Next Up in Business

Gmail phishing scam may lead users to give up login info
Gmail phishing scam may lead users to give up login info

A new phishing scam is allowing hackers to gain access to unsuspecting Gmail users' accounts and target their login credentials, according to recent reports. Mark Maunder, CEO of security service Wordfence, described the scam in detail in a blog post, adding that it is also targeting other services beyond Gmail. Tech Times reported that the scam involves...
Millennials spend more on coffee, save less for retirement
Millennials spend more on coffee, save less for retirement

A large number of Millennials spent more on coffee in the past year than they invested in their retirement savings, according to a new study. » RELATED: What makes Millennials tick in the workplace? It may surprise you About 41 percent of the Millennials — ages 18 to 35 — admitted to spending more on coffee than they saved for retirement...
Some worry over impact from health care law repeal
Some worry over impact from health care law repeal

The U.S. House of Representatives on Friday joined the U.S. Senate in passing a budget reconciliation measure that would allow Congress to de-fund key elements of the Affordable Care Act, including tax credit subsidies and federal funding for Medicaid expansion in states like Ohio. While some are rejoicing over the move, replacing President Obama&rsquo...
Will Obamacare repeal leave people in the lurch?
Will Obamacare repeal leave people in the lurch?

As Congress moves forward on a resolution to repeal the Affordable Care Act, experts have warned such a measure could crash the law’s commercial insurance program, jeopardizing coverage for 11.5 million Americans, including more than 230,000 Ohioans. But local industry leaders remain hopeful that congressional Republicans — who are leading...
Holiday retail sales up, but some stores suffering
Holiday retail sales up, but some stores suffering

Retail sales hit about $658 billion for the holiday season, but several chain retailers still announced the closures of hundreds of unprofitable brick-and-mortar stores in January — including several stores locally. “These numbers show that the nation’s slow-but-steady economic recovery is picking up speed and that consumers feel...
More Stories