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Dollar General Q3 sales growth 4.6 percent

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Christian Fernsby ▼ | December 5, 2019
Dollar General raised its earnings, adjusted earnings and sales growth guidance for the full-year 2019, based on the performance through the first three quarters of 2019 and outlook for the fourth quarter.
Dollar General
Dollar General   For the third quarter, the company reported same-store sales growth
For the third quarter, the company reported same-store sales growth of 4.6 percent, driven by increases in both average transaction amount and customer traffic. It included growth in the consumables, seasonal, home, and apparel categories.

Topics: Dollar General

For fiscal 2019, the company now projects earnings in a range of $6.46 to $6.56 per share and adjusted earnings in a range of $6.55 to $6.65 per share on net sales growth in the low 8 percent range, with same-store sales growth in the mid-to-high 3 percent range.

Previously, the company expected earnings in a range of $6.36 to $6.51 per share and adjusted earnings in a range of $6.45 to $6.60 per share on net sales growth of about 8 percent, with same-store sales growth in the low-to-mid 3 percent range.

In addition, the Company's Board of Directors increased the authorization under the share repurchase program by $1.0 billion, with no expiration date. The total remaining authorization for future repurchases was $561 million at the end of the third quarter.

The company's Board of Directors approved a quarterly cash dividend of $0.32 per share, payable on or before January 21, 2020 to shareholders of record on January 7, 2020.

The Company is also reiterating its plans to execute approximately 2,075 real estate projects in fiscal year 2019, including 975 new store openings, 1,000 mature store remodels, and 100 store relocations.


 

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