(RTTNews) - While reporting financial results for the second quarter on Thursday, Dollar General Corp. (DG) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2019.
For fiscal 2019, the company now projects earnings in a range of $6.36 to $6.51 per share and adjusted earnings in a range of $6.45 to $6.60 per share on net sales growth of about 8 percent, with same-store sales growth in the low-to-mid 3 percent range.
Previously, the company expected earnings in a range of $6.30 to $6.50 per share and adjusted earnings in a range of $6.45 to $6.60 per share on net sales growth of about 7 percent, with same-store sales growth of about 2.5 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.47 per share on net sales growth of 7.4 percent to $27.52 billion for the year. Analysts' estimates typically exclude special items.
In addition, the Company continues to expect share repurchases of approximately $1.0 billion, and capital expenditures in the range of $775 million to $825 million, including those related to investments in the Company's strategic initiatives.
On Wednesday, the company's Board of Directors approved a quarterly cash dividend of $0.32 per share, payable on or before October 22, 2019 to shareholders of record on October 8, 2019.
The Company is also reiterating its plans to execute approximately 2,075 real estate projects in fiscal year 2019, including 975 new store openings, 1,000 mature store remodels, and 100 store relocations.
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