By Kimberly Chin
Dollar General Corp. (DG) said Thursday profit fell roughly 30% for the fourth quarter due to the negative impact of store closures and disaster-related expenses, though it reported stronger same store-sales growth.
For the quarter ended Feb. 1, the Goodlettsville, Tenn. retailer said net income was $483.2 million, or $1.84 a share, down from $712.2 million, or $2.63 a share, a year earlier. Analysts polled by Refinitiv had estimated $1.88 a share.
Net sales rose 8.5% to $6.65 billion, above the consensus forecast of $6.61 billion. Same-store sales climbed 4%, beating the 2.6% estimated by a consensus of analysts, according to FactSet.
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