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Dollar General Corp (DG.N)

DG.N on New York Stock Exchange

68.55USD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Dollar General announces pricing of $600 mln of senior notes
Tuesday, 28 Mar 2017 04:10pm EDT 

Dollar General Corp : Dollar General Corporation announces pricing of $600.0 million of senior notes . Dollar General Corp - notes will pay interest at a rate of 3.875% per annum and mature on April 15, 2027. . Dollar General Corp- pricing of an offer in of $600.0 million of its 3.875% senior notes due 2027 .Dollar General Corp - will pay interest on notes semi-annually on April 15 and October 15 of each year, commencing October 15, 2017.  Full Article

Dollar General files for potential mixed shelf offering - SEC filing
Friday, 24 Mar 2017 09:33pm EDT 

Dollar General Corp :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Dollar General files for potential mixed shelf offering - SEC filing
Friday, 24 Mar 2017 04:48pm EDT 

Dollar General Corp :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Dollar General Q4 earnings per share $1.49
Thursday, 16 Mar 2017 07:00am EDT 

Dollar General Corp : Dollar General reports fourth quarter and fiscal 2016 financial results; company provides financial guidance for fiscal 2017 . Q4 earnings per share $1.49 . Q4 same store sales rose 1 percent . Q4 earnings per share view $1.41 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up 4 to 6 percent . Q4 sales $6.0 billion versus I/B/E/S view $5.97 billion . Sees FY 2017 earnings per share $4.25 to $4.50 including items . Dollar General Corp - net sales increased 13.7 percent to $6.0 billion in 2016 Q4 compared to $5.3 billion in 2015 Q4 . Dollar General Corp - share repurchases for fiscal 2017 are expected to be approximately $450 million. . Dollar General Corp - company plans to open approximately 1,000 new stores and relocate or remodel 900 stores in fiscal 2017 . Dollar General Corp - capital expenditures for fiscal 2017 are expected to be in range of $650 to $700 million . Dollar General Corp - board of directors approved an increase of four percent in its quarterly cash dividend . Dollar General Corp - capital expenditures for fiscal 2017 are expected to be in range of $650 to $700 million . Dollar General Corp - provides fiscal 2017 diluted EPS outlook of $4.25 to $4.50, including about $70 million in planned investments primarily for store manager pay . FY2017 earnings per share view $4.39, revenue view $21.97 billion -- Thomson Reuters I/B/E/S.  Full Article

Dollar General entered unsecured amended and restated credit agreement
Wednesday, 22 Feb 2017 04:18pm EST 

Dollar General Corp : Dollar General-entered unsecured amended and restated credit agreement; total loans and commitments under new credit facilities equal to $1,425.0 million . Dollar General-new credit facilities has $175.0 million 5-year unsecured term loan facility, $1,250.0 million 5-year unsecured revolving credit facility - SEC filing .Dollar General Corp - revolving facility also includes borrowing capacity available for short-term borrowings referred to as swingline loans.  Full Article

Dollar General plans to create about 10,000 new jobs in 2017
Friday, 3 Feb 2017 09:00am EST 

Dollar General Corp : Dollar General plans to create approximately 10,000 new jobs in 2017 . Dollar General Corp - to create new jobs in 2017 as result of 1,000 planned new store openings and two new distribution centers .Dollar General Corp - creation of new jobs will be a roughly nine percent overall increase to its workforce.  Full Article

Dollar General CEO - States which've seen SNAP reductions are about 100 basis pts worse in comparable sales
Thursday, 1 Dec 2016 11:35am EST 

Dollar General Corp : CEO on conf call - Q3 comparable sales hurt by softer customer traffic . CEO - estimate combined headwinds from average unit retail price deflation and reduction in SNAP benefits hurt Q3 same-store sales by 150 -175 basis pts, Q2 by 100-115 basis pts . Proactive pricing actions were implemented selectively across about 17% of store base and on about 450 items . CEO - "while these investments (proactive pricing actions) take time to deliver the full impact, seeing expected improvements in transactions, units and weekly same-store sales across vast majority of stores where we've made these investments." . CEO - "we invested in incremental promotional activity to drive traffic, although results were mixed and did not meet our overall expectations" . CEO - "as we moved through Q3, became apparent that our incremental actions would not be able to overcome the decline in traffic ...requiring greater-than-anticipated markdowns to move through inventory" . CEO - plan about 1,000 new store openings in 2017 . CEO - "clearly, our consumers' budgets are pinched" . CEO - "the cumulative effect of macroeconomic factors such as reduction of snap participation and benefit levels and increased housing and healthcare expenses appear to have taken a noticeable toll on (consumer) spending" . CEO - states which've seen SNAP reductions have seen comps go down by about 100 basis points.  Full Article

Dollar General Director Michael Calbert reports open market purchase of 13,000 shares of co's common stock
Thursday, 1 Sep 2016 01:45pm EDT 

Dollar General Corp :Director michael calbert reports open market purchase of 13,000 shares of co's common stock at average price of $75.53per share on aug 30-filing.  Full Article

Dollar General says taken retail price reductions of 10% on average on about 450 SKUs across 2,200 stores
Thursday, 25 Aug 2016 11:23am EDT 

Dollar General : Q2 greater than anticipated headwind from price deflation across key perishable items, retail prices down about 8% for milk and over 50% for eggs . Estimate headwinds from price deflation and reduction in snap benefits negatively impacted q2 same-store sales by about 60-70 basis points . A greater proportion of q2 sales growth came from consumables which carries a lower margin than non-consumables . Cfo- will refresh price investments in coming quarters to drive traffic and capture marketshare . Anticipate taking q3 charge of about $0.02 to $0.03 per share to relocate 40 dollar general locations into sites bought from wal-mart . Making aggressive pricing, labor and marketing investments in designated market areas to improve same-store sales and market share . Taken retail price reductions on average of 10% on about 450 of best-selling SKUs across 2200 stores representing nearly 17% of store base . Targeted price investments are in high household penetration fast-turning categories, also investing in communicating price breaks to consumers . "believe cumulative effect of macroeconomic factors such as reduction in snap participation and benefit levels and increased housing, healthcare expenses taking toll on (consumer) spending" . Ceo- " have the wherewithal to do (price investment) on our P&L" . Dg16 store layout is being used for all new stores, sales performance in stores using the DG16 layout exceeding our expectations.  Full Article

Dollar General sees EPS cut of about $0.02-$0.03 in Q3
Thursday, 25 Aug 2016 08:06am EDT 

Dollar General: Dollar General sees reduction of about $0.02 to $0.03 in diluted EPS during Q3 2016, primarily related to closed store lease obligations . Dollar General sees reduction due to expenses resulting from purchase of 41 former Walmart express store locations .Forty of these acquired stores will serve as relocation sites for existing stores, and 37 of 41 purchased stores will offer fueling stations.  Full Article

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BRIEF-Dollar General announces pricing of $600 mln of senior notes

* Dollar General Corporation announces pricing of $600.0 million of senior notes