By Ben Glickman
Dollar General lowered the top end of its guidance range for full-year sales and earnings based on its expectations for the rest of the year.
The Goodlettsville, Tenn.-based discount retailer said Thursday that it now expected earnings of $7.10 to $7.60 a share, compared with previous guidance of $7.10 to $8.30. Dollar General said the new guidance reflected results from the fiscal period ended Sept. 1 and expectations for the rest of the year.
Dollar General also expects sales to grow 1.5% to 2.5%, compared with previous guidance of 1.3% to 3.3%. Same-store sales are expected to be flat to down 1%, compared with a prior range for a 1% decline to 1% growth.
Dollar General previously lowered its yearly guidance after reporting second-quarter earnings in September.
The company also named its former chief executive Todd Vasos to his former role, months after he gave up the position.
Write to Ben Glickman at [email protected]
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