Dollar General Corp. Reaffirms FY 2012 Revenue And Same Store Sales Guidance; Raises FY 2012 Earnings Guidance

Dollar General Corp. announced that it continues to expect total sales for fiscal 2012 to increase 8% to 9% over the 53 week fiscal 2011, or 10% to 11% on a comparable 52-week basis. Same-store sales, based on a comparable 52-week period, are expected to increase 3% to 5%. Operating profit is expected to be between $1.62-$1.66 billion, as compared to the Company's previous guidance of between $1.60-$1.65 billion. Diluted EPS for the 52-week fiscal year, adjusted to exclude any losses resulting from redemption of the Senior Subordinated Notes, potential charges or expenses relating to amendments to or refinancing of any notes, loans or revolving credit facilities and any expenses resulting from secondary stock offerings, is expected to be approximately $2.68 to $2.78. This is an increase of $0.03 per share from the Company's previous guidance of $2.65 to $2.75 per share. According to I/B/E/S estimates analysts' were expecting the Company to report EBIT of $1.65 billion and EPS of $2.77 for fiscal 2012.