Shares of Dollar General Corp. DG, +0.89% dropped 5.5% in premarket trade Thursday, after the discount retailer reported a fiscal fourth-quarter profit that missed expectations and provided a downbeat earnings and sales outlook. Net income for the quarter to Feb. 1 fell to $483.2 million, or $1.84 a share, from $712.2 million, or $2.63 a share, in the same period a year ago. The latest quarter’s EPS includes a 4-cent negative impact from disaster-related expenses. The FactSet EPS consensus was $1.89. Net sales rose 8.5% to $6.65 billion, above the FactSet consensus of $6.61 billion, as same-store sales growth of 4.0% beat expectations of a 2.6% rise. The company expects 2019 EPS of $6.30 to $6.50, compared with the FactSet consensus of $6.64, and expects net sales growth of 7%, while the FactSet sales consensus of $27.5 billion implies 7.3% growth. The company expects same-store sales to rise 2.5%, compared with the FactSet consensus of a 2.6% increase. Separately, the company added $1 billion to its stock repurchase program and raised its quarterly dividend to 32 cents a share from 29 cents. The stock had run up 15% over the past three months to a record close Wednesday, while the S&P 500 SPX, +0.69% has gained 8.1%.
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