MW: Dollar General profit up 15%, sticks to 2011 view
By Steve Gelsi
NEW YORK (MarketWatch) -- Dollar General Corp. DG +1.18% said Wednesday its first-quarter profit increased to $157 million, or 45 cents a share, from $136 million, or 39 cents a share, in the year-ago period. Adjusted net income increased to 48 cents a share, from 42 cents a share. Sales at the Goodlettsville, Tenn., retailer rose 10.9% to $3.45 billion. Wall Street analysts expected Dollar General to earn 50 cents a share, on revenue of $3.42 billion, according to a survey by FactSet Research. Dollar General said it continues to expects adjusted 2011 earnings of $2.20 to $2.30 a share, compared to the Wall Street target of $2.26 a share.
