by Alyssa Oursler | June 5, 2012 3:37 pm
Dollar General (NYSE:DG) shares couldn’t get a break Tuesday, falling more than 3% in trading despite the company’s Monday report showing record revenue, earnings and operating profit for its first quarter.
Dollar General boasted a 36% increase with earnings of $213 million, compared to earnings of $157 million during the same time last year. Adjusted EPS for the quarter was 63 cents, which topped estimates of 60 cents.
The company’s revenues also exceeded expectations, as analysts expected revenue of $3.83 million while DG reported $3.9 million, up 13% from last year. Same-store sales were up 6.7%.
DG upped its outlook for the year as well, now expecting to earn between $2.68 and $2.78 per share.
Dollar General opened more than 500 new stores in the past year, and it now operates 10,052 stores in 40 states across the country, giving it more retail locations than any retailer in America. The company also plans to add 625 more locations in 2012.
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