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Bucks joint top rating Q3 sales warning about a hurricane embedded in the benefits Q4

Bucks joint top rating Q3 sales warning about a hurricane embedded in the benefits Q4

Dollar General Corp. (DG-Get Report) published the profit for the 3rd quarter, which in the lead was responsible for monitoring specialists, but warned that the extreme weather conditions in the South-East of the United States, probably, will add to the pressure of costs, which will knock on the benefits in the 2 half of the year.

According to Dollar General, the benefit for the 3 months ended November 2, in the 3rd economic quarter, amounted to $ 1.26 per promotion, in fact that corresponds to the monitoring of streets and 28.5% higher compared to the same time last year. The group's sales, according to the firm, increased by 8.5% to $ 6.4 billion, again in line with consensus monitoring. The group also said that the sales of stores increased by 2.8%, which exceeded the estimates of specialists by 2.4%. Not least, dollar General said, in fact that hurricanes and other natural disasters reduced profit in the 3rd quarter by 5 cents per promotion and will keep the lower line of the 4th quarter by another 4 cents for promotion. 

"In the direction of the third quarter, we have recommended the highest operational and monetary results," said CEO Todd Vasos . "I am all the more proud of the loyalty of our team to our mission of service to others, which was demonstrated in this quarter when workers across our organization came together to help our communities in need during the results of two devastating hurricanes."

"Ignoring the difficulties associated with these weather events in the quarter, we have achieved a strong recovery and remained focused on cost control. How spending, for example, and non-consuming categories affected our monetary performance in this quarter, and we have achieved the highest two-year stack of sales in the same stores for 11 quarters", - added Vasos.

Joint promotions of the dollar fell by 5.1% to $ 106 on Tuesday.

Dollar General has yet to update its profit statement for the whole year, pointing out earnings per promotion in the range from $ 5.85 to $6.05, a figure that lags behind $6.11 collected by Refinitiv IBES.

Category: Business | Views: 6 | Added by: hameleons30 | Tags: ge stock, dow jones today, fb stock, amzn, AAPL, amazon stock, amd stock, yahoo finance djia stock market, CNBC, apple stock | Rating: 0.0/0
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