Dollar General Tops Earnings Views, Raises Sales Outlook

Dollar General (DG) reported better-than-expected third-quarter earnings and sales early Thursday, a day after another top-rated discounter, Ollie's Bargain Outlet (OLLI), reported strong Q3 numbers but weak guidance.

X Earnings rose 17% to 98 cents a share, excluding a 5-cent impact from recent hurricanes. Revenue climbed 11% to $5.90 billion. Analysts had expected EPS of 94 cents, up 6%, as sales grew 9% to $5.8 billion, according to Zacks Investment Research.

Same-store sales rose 4.3%,...

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