March 13 Retailer Dollar General Corp on Thursday posted lower-than-expected sales for the holiday quarter, blaming cold weather, tough competition and low consumer confidence.
Sales in the fourth quarter ended on Jan. 31 rose 6.8 percent to $4.49 billion. Analysts on average were expecting $4.62 billion, according to Thomson Reuters I/B/E/S.
Sales at stores open at least a year rose 1.3 percent.
The discount chain earned $322.17 million, or $1.01 per share, up from $317.4 million, or 97 cents per share, a year earlier.
Dollar General expects same-store sales to be up 3 percent to 4 percent this fiscal year.