Executive Summary

• Dollar General reported 4Q17 adjusted EPS of $1.48,down 1.0% year over year and in line with the consensus estimate. Revenues were $6.13 billion, up 2.0% year over year but below the $6.21 billion consensus estimate.
• Comps were up 3.3%, beating the consensus estimate of 2.6%.
• For FY18, Dollar General expects sales growth of 9%, ahead of the 8.1% consensus estimate. The company expects full-year comps in the mid-2% range, in line with the consensus estimate of 2.5%, and EPS of $5.95–$6.15, above the $5.63 consensus estimate.