Originally published at www.seclive.com
Dollar General Corporation (NYSE:DG) announced its financial results for the first fiscal quarter of 2014, recording results that missed expectations. The discount retailer posted net sales of $4.52B, a 6.8% increase from the year-ago $4.23B, but short of analyst expectations at $4.56B. Earnings improved from last year's $220.08M and $0.67 per share to $222.40M and $0.72 per share but fell short of analyst predictions of $0.73 per share. Same-store sales increased 1.5% and the company cited extreme winter weather and stiff competition as the source of its lagging sales. Chairman and CEO Rick Dreiling remarked that growth in the consumables business helped drive the company's same-store sales and that he is pleased its merchandising strategies are starting to take effect.
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