WASHINGTON (dpa-AFX) - (Adds Outlook, stock movement)

Dollar General Corporation (DG) initiated its first-quarter earnings outlook
below analysts' estimates. For the quarter, the company expects a profit of
$1.50 to $1.60 per share, compared with analysts' average estimate of $1.89 per
share.

Dollar General projects its same-store sales to increase 1.5 percent to 2
percent, for the quarter.

For the full year, Dollar General expects income per share of around $6.80 to
$7.55, compared with analysts' view of $7.55 per share. Annual net sales growth
is projected to be in the range of around 6 percent to 6.7 percent.

Analysts, on average, estimate the firm to post revenue of $40.33 billion, for
the year.

The company has also reiterated its plans to execute around 2,385 real estate
projects in 2024, including approximately 800 new store openings, 1,500
remodels, and 85 store relocations.

On March 13, the Board declared a quarterly cash dividend of $0.59 per share, to
be paid on or before April 23, to shareholders of record on April 9.

DG was trading up by 6.15 percent at $167.89 in the pre-market trade on the New
York Stock Exchange.


Q4 Results:

Dollar General revealed earnings for fourth quarter that decreased from the same
period last year but beat the Street estimates.

The company's earnings totaled $401.81 million, or $1.83 per share. This
compares with $659.14 million, or $2.96 per share, in last year's fourth
quarter.

Analysts on average had expected the company to earn $1.75 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 3.3% to $9.86 billion from $10.20
billion last year.

Dollar General Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $401.81 Mln. vs. $659.14 Mln. last year.
-EPS (Q4): $1.83 vs. $2.96 last year.
-Revenue (Q4): $9.86 Bln vs. $10.20 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.50 to $1.60



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