March 25, 2013 at 18:05 PM EDT
Dollar General's Q4 Doesn't Halt Dollar Store Rally
Dollar General sales and guidance fell below Wall Street forecasts, but shares ultimately rallied Monday on the "decent result" amid a difficult economy. Goodlettsville, Tenn.-based Dollar General (DG), the largest discount variety chain and operator of more than 10,000 stores, said Q4 earnings per share climbed 11.5% to 97 cents, beating analyst consensus by 7 cents a share. Gross profit margins improved, surprising some analysts.
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