We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dollar General (DG) Q4 Earnings & Sales Beat; Stock Up
Read MoreHide Full Article
Dollar General Corporation (DG - Free Report) , one of the largest discount retailers, came out with fourth-quarter fiscal 2016 results, wherein earnings of $1.49 a share outpaced the Zacks Consensus Estimate of $1.41 and also surged 14.6% year over year.
Dollar General Corporation Price, Consensus and EPS Surprise
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has declined by a penny in the last seven days. However, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 1.9%.
Revenues: Dollar General generated net sales of $6,009.2 million that jumped 13.7% year over year and also came ahead of the Zacks Consensus Estimate of $5,969 million. Same store sales rose 1% for the quarter.
Key Events: The company bought back 12.4 million shares in fiscal 2016. Since the commencement of the share repurchase program in Dec 2011, the company has bought back 74.4 million shares aggregating $4.6 billion. At the end of fiscal 2016, the company has an outstanding authorization of nearly $930 million.
Further, management hiked its quarterly dividend by 4% to 26 cents per share that will be payable on Apr 25, 2017 to shareholders of record as on Apr 11.
Outlook: Management anticipates net sales to rise in the band of 4–6%, with same-store sales growth in the band of slightly positive to 2% for fiscal 2017. Further, earnings are envisioned in the band of $4.25 to $4.50 per share.
Moreover, the company expects to buyback nearly $450 million in fiscal 2017, and intends to introduce roughly 1,000 new outlets and relocate or remodel 900 stores.
Zacks Rank: Currently, Dollar General has a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dollar General’s shares are up nearly 4.9% during pre-market trading hours following the earnings release.
Check back later for our full write up on Dollar General’s earnings report!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dollar General (DG) Q4 Earnings & Sales Beat; Stock Up
Dollar General Corporation (DG - Free Report) , one of the largest discount retailers, came out with fourth-quarter fiscal 2016 results, wherein earnings of $1.49 a share outpaced the Zacks Consensus Estimate of $1.41 and also surged 14.6% year over year.
Dollar General Corporation Price, Consensus and EPS Surprise
Dollar General Corporation Price, Consensus and EPS Surprise | Dollar General Corporation Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has declined by a penny in the last seven days. However, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 1.9%.
Revenues: Dollar General generated net sales of $6,009.2 million that jumped 13.7% year over year and also came ahead of the Zacks Consensus Estimate of $5,969 million. Same store sales rose 1% for the quarter.
Key Events: The company bought back 12.4 million shares in fiscal 2016. Since the commencement of the share repurchase program in Dec 2011, the company has bought back 74.4 million shares aggregating $4.6 billion. At the end of fiscal 2016, the company has an outstanding authorization of nearly $930 million.
Further, management hiked its quarterly dividend by 4% to 26 cents per share that will be payable on Apr 25, 2017 to shareholders of record as on Apr 11.
Outlook: Management anticipates net sales to rise in the band of 4–6%, with same-store sales growth in the band of slightly positive to 2% for fiscal 2017. Further, earnings are envisioned in the band of $4.25 to $4.50 per share.
Moreover, the company expects to buyback nearly $450 million in fiscal 2017, and intends to introduce roughly 1,000 new outlets and relocate or remodel 900 stores.
Zacks Rank: Currently, Dollar General has a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Dollar General’s shares are up nearly 4.9% during pre-market trading hours following the earnings release.
Check back later for our full write up on Dollar General’s earnings report!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>