Dollar General (DG) Q3 2013 Financial Results and Quarterly Earnings Report
On a 39-week basis (ending Nov 1, 2013), Dollar General saw an increase in Gross Profit of 7.6%.
Net Income for the 39-week period came in at $703M ($2.16/ Diluted Share) versus $635M ($1.89/Diluted Share) from the same period last year.
Dollar General revised its full year guidance for adjusted EPS to between $3.18 to $3.22, from the previously stated range of $3.15 to $3.22.
During Q3-2013, Dollar General repurchased 3.5 million shares amounting to a market value of $200M.
DG's share price surged 6.75% in the 2 days following its earnings announcement on Dec 5, 2013.