Dollar General Corporation announced that it expects to report earnings for its second quarter ended August 4, 2006 in the range of $0.14-$0.15 per share, which is below the Company's previous guidance of $0.18-$0.22 per share provided in June.
Dollar General is scheduled to announce earnings for the second quarter on Thursday, August 31, 2006 and will comment on its full-year earnings guidance at that time.
The Company's gross margin for the second fiscal quarter of 2006 is below expectations as the impact of adding more national brand items to the consumables mix was more negative than planned.
Additionally, the gross margin has been negatively impacted by the mix of sales which has been more heavily skewed toward lower margin highly consumables than anticipated. Back to school sales were also below expectations.
Earnings Conference Call Information
The Company will host a conference call on Thursday, August 31, 2006, at 9:00 a.m. CDT/10:00 a.m. EDT to discuss the quarter's financial results.
A replay of the conference call will be available through Thursday, September 14, online or by calling (334) 323-7226. The pass code for the replay is 58805575.
Dollar General is a Fortune 500 discount retailer with 8,178 neighborhood stores as of August 4, 2006.
Dollar General stores offer convenience and value to customers by offering consumable basic items that are frequently used and replenished, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices.
The Company store support center is located in Goodlettsville, Tennessee.
Dollar General Corporation
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