Last $63.99 USD
Change Today -0.21 / -0.33%
Volume 3.7M
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

dollar general corp (DG) Key Developments

Dollar General Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014; Plans to Open Approximately 700 New Stores in 2014

Dollar General Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net sales were $4,724,039,000 against $4,394,651,000 a year ago. Operating profit was $428,526,000 against $412,822,000 a year ago. Income before income taxes was $405,928,000 against $392,191,000 a year ago. Net income was $251,260,000 or $0.83 per basic and diluted share against $245,475,000 or $0.75 per diluted share a year ago. Adjusted net income was $251.3 million against $250.7 million a year ago. Diluted earnings per share as adjusted $0.83 against $0.77 a year ago. For the six months, net sales were $9,246,120,000 against $8,628,384,000 a year ago. Operating profit was $808,234,000 against $807,822,000 a year ago. Income before income taxes was $763,369,000 against $743,804,000 a year ago. Net income was $473,658,000 or $1.54 per diluted share against $465,558,000 or $1.42 per diluted share a year ago. Net cash provided by operating activities was $486,924,000 against $484,115,000 a year ago. Purchases of property and equipment were $191,414,000 against $308,526,000 a year ago. Adjusted net income was $473.7 million against $483.1 million a year ago. Diluted earnings per share as adjusted Diluted earnings per share as adjusted were $1.54 against $1.48 a year ago. For the full year of 2014, the company expects total sales to increase 8.0% to 9.0% over the 2013 fiscal year, with same-store sales expected to increase 3.0% to 3.5%. Adjusted diluted EPS for the fiscal year is expected to be approximately $3.45 to $3.55. Guidance for adjusted diluted EPS does not include any expenses which may be incurred or reductions in the assumed share repurchases which may occur in connection with the Company's proposal to acquire Family Dollar Stores Inc. See non-GAAP disclosure regarding guidance below. Capital expenditures are expected to be in the range of $450 million to $500 million in 2014. The company plans to open approximately 700 new stores in 2014 and to relocate or remodel, using the company's traditional remodel criteria, approximately 500 stores. In addition, the company plans to complete approximately 400 life cycle remodels.

Dollar General Corporation, Family Dollar Stores Inc. - M&A Call

To discuss the Acquisition of Family Dollar Stores Inc. by Dollar General Corporation

Dollar General Corporation Appoints Dollar General Corporation to Board of Directors, Effective Aug. 26, 2014

Dollar General Corporation announced the appointment of Paula A. Price, Senior Lecturer at Harvard Business School, to its board of directors effective August 26, 2014. The election of Price to Dollar General's board will bring the total number of directors to eight. Price, who has been designated an audit committee financial expert, will serve on the audit committee of Dollar General's board. Price has been Senior Lecturer at Harvard Business School in the Accounting and Management Unit since July 2014. She was Executive Vice President and Chief Financial Officer of Ahold USA from May 2009 until January 2014.

Dollar General Corporation to Report Q2, 2015 Results on Aug 28, 2014

Dollar General Corporation announced that they will report Q2, 2015 results on Aug 28, 2014

Dollar General Corporation, Q2 2015 Earnings Call, Aug 28, 2014

Dollar General Corporation, Q2 2015 Earnings Call, Aug 28, 2014

 

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