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Dollar General Corp (DG.N)

DG.N on New York Stock Exchange

87.23USD
22 Nov 2017
Change (% chg)

$0.58 (+0.67%)
Prev Close
$86.65
Open
$86.69
Day's High
$87.33
Day's Low
$86.31
Volume
287,560
Avg. Vol
585,338
52-wk High
$88.00
52-wk Low
$67.55

Latest Key Developments (Source: Significant Developments)

Appaloosa LP cuts share stake in BofA, dissolves share stake in Wells Fargo and Activision Blizzard
Tuesday, 14 Nov 2017 09:25am EST 

Nov 14 (Reuters) - APPALOOSA LP:Appaloosa LP dissolves share stake in Activision Blizzard Inc - SEC filing.Appaloosa LP cuts share stake in Bank Of America Corp by about 28 percent to 6.3 million shares.Appaloosa LP raises share stake in Boston Scientific Corp by about 66 percent to 3.8 million shares.Appaloosa LP dissolves share stake in L Brands Inc.Appaloosa LP dissolves share stake in Wells Fargo.Appaloosa LP cuts share stake in Dollar General Corp by 36 percent to 599,264 shares.Appaloosa LP raises share stake in NRG Energy Inc to 8.4 million shares from 1.3 million shares.Appaloosa LP - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.Source text for quarter ended Sept 30, 2017 (http://bit.ly/2zJRjl2).Source text for quarter ended June 30, 2017: (http://bit.ly/2uWm5mq).  Full Article

Dollar General CEO - "We're well priced today and I don't see us having to do anything that is very dramatic"
Thursday, 31 Aug 2017 01:26pm EDT 

Aug 31 (Reuters) - Dollar General :CEO -"believe the much reported demise of retail is an inaccurate narrative. Retail is just changing and we believe we are very well positioned".CEO -our average basket contains about 5 items with an average ticket of about $12.CEO - have redesigned cosmetic area in a large portion of our stores to highlight breadth of on trend products at compelling prices.CEO - testing assortment of fresh produce across a third of about 300 stores being remodeled.CEO - have ongoing opportunities for gross margin expansion through improvements in shrink, global sourcing, private brands, distribution transportation efficiencies and nonconsumable sales.CEO - our pricing surveys continue to indicate we are very well positioned from a price perspective against all classes of trade.CEO - at store support center, work elimination and process improvement also are ongoing efforts to take costs out.CEO - "we continue to be very aggressive in our ability to deliver price to the consumer. And that was our biggest source of markdown.".CEO - " we see an opportunity to enhance gross margin over time but we're going to do what's right for the business for the long term and making sure we drive traffic".CEO - "we're well priced today and i don't see us having to do anything that is very dramatic.CEO - "we see opportunities to grow margin over time. And we don't believe that we're in any long term, strong investments periods. We just don't see that as we go forward right now.".  Full Article

Dollar General says there is uncertainty as to the magnitude of losses from Hurricane Harvey
Thursday, 31 Aug 2017 08:51am EDT 

Aug 31 (Reuters) - Dollar General Corp :Dollar General says currently there is uncertainty as to the magnitude of the losses associated with Hurricane Harvey - SEC filing.Currently there is uncertainty whether losses related to Hurricane Harvey would have material effect on co's financial statements.  Full Article

Dollar General Corporation Q2 earnings per share $1.08
Thursday, 31 Aug 2017 06:55am EDT 

Aug 31 (Reuters) - Dollar General Corp :Dollar General Corporation reports second quarter 2017 financial results.Sees FY 2017 GAAP earnings per share $4.35 to $4.50.Q2 earnings per share $1.08.Q2 same store sales rose 2.6 percent.Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up about 5 to 7 percent.Q2 sales $5.83 billion versus I/B/E/S view $5.8 billion.Dollar General Corp - company updates fiscal 2017 diluted earnings per share guidance to $4.35 to $4.50 from $4.25 to $4.50.FY earnings per share view $4.51, revenue view $23.36 billion -- Thomson Reuters I/B/E/S.Dollar General Corp - expected capital expenditures for fiscal 2017 remain between $715 million and $765 million..Dollar General Corp - outlook does not reflect any potential impact from disaster-related expenses, including impact related to Hurricane Harvey.Dollar General - expects that fiscal 2017 same-store sales growth of slightly positive to increase of two percent to be towards upper end of range​.Dollar General Corp - assessment of any potential impact or damage to assets from Hurricane Harvey still in process.  Full Article

Dollar General on conf call- Expect acquisition of 322 stores to be modestly accretive to 2017 sales, profit
Thursday, 1 Jun 2017 09:54am EDT 

June 1 (Reuters) - Dollar General :Average unit retail price deflation, due to lower commodity cost and promotional activity, along with reduction of snap benefits, continue to weigh on same-store sales performance.Expect the acquisition of 322 stores to be modestly accretive to net sales and earnings in fiscal 2017.CFO- " sales environment for retail continues to be choppy".CFO- believe our customer will require sustained improvement and economic outlook before she is willing to increase spending on discretionary nonconsumable items.CFO- "I just believe that (the customer) is in an economic cycle right now where there's a little bit of uncertainty and a little bit of a holdback on these discretionary items".CEO- "need to see a little bit more confidence in what the consumer is seeing today from job growth and wage growth, will it be sustainable".As we move through Q1, deflationary pressures from a cost input standpoint, we did see some moderation.  Full Article

Dollar General Q1 earnings per share $1.02
Thursday, 1 Jun 2017 06:55am EDT 

June 1 (Reuters) - Dollar General Corp ::Dollar General Corporation reports first quarter 2017 financial results.Q1 earnings per share $1.02.Q1 same store sales rose 0.7 percent.Q1 earnings per share view $1.00 -- Thomson Reuters I/B/E/S.Q1 sales $5.61 billion versus I/B/E/S view $5.59 billion.Dollar General Corp - company confirms fiscal year 2017 diluted EPS guidance; updates other guidance.Sets regular quarterly cash dividend of $0.26per share.Dollar General Corp - ‍2017 GAAP diluted EPS is forecasted to remain consistent with prior guidance range of $4.25 to $4.50​.Dollar General Corp - anticipates sales from acquired sites to impact fiscal 2017 net sales by approximately 100 basis points.Dollar General Corp - ‍company's FY 2017 net sales are forecasted to increase by about five to seven percent.Dollar General Corp - company's fiscal 2017 same-store sales growth is unchanged from prior guidance range of slightly positive to increase of 2 percent.Dollar General Corp - ‍capital expenditures for fiscal 2017 are expected to be in range of $715 million to $765 million​.Dollar general- for fiscal 2017, assuming closing of acquisition, plans to open about 1,290 new stores in addition to remodeling/relocating 760 stores.Fy earnings per share view $4.46, revenue view $23.19 billion -- Thomson Reuters I/B/E/S.Dollar General-for fiscal 2017, assuming closing of acquisition company plans to reduce co's total projects for remodels and relocations by 140 stores.  Full Article

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