Dollar General forecasts higher sales, profit
Dollar General Corp
The company, which has more than 9,300 stores in 35 U.S. states, earned $222.5 million, or 64 cents per share, in the fourth quarter ended on January 28, up from $87.2 million, or 26 cents per share, a year earlier.
Sales rose 9.4 percent to $3.49 billion, while sales at stores open at least a year, or same-store sales, rose 3.8 percent.
Looking ahead, Dollar General expects same-store sales to be up between 3 percent and 5 percent this year, with earnings at $2.20 to $2.30 per share. It plans to open 625 stores.
(Reporting by Phil Wahba in New York and Jessica Hall in Chicago; Editing by Lisa Von Ahn)
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