GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. (DG) on Thursday reported fiscal first-quarter profit of $677.7 million.
The Goodlettsville, Tennessee-based company said it had net income of $2.82 per share.
The results beat Wall Street expectations. The average estimate of 25 analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The discount retailer posted revenue of $8.4 billion in the period, also beating Street forecasts. Twenty-four analysts surveyed by Zacks expected $8.19 billion.
Dollar General expects full-year earnings to be $9.50 to $10.20 per share.
Dollar General shares have fallen almost 5% since the beginning of the year, while the S&P's 500 index has risen 12%. The stock has increased 11% in the last 12 months.