Dollar Composite missed Wall Street forecasts for same-store sales on Thursday as the minimize store chain faced weaker demand for apparel and home products because of remote weather.
The news drove the company’s shares down 6.4 percent to $90.35 in premarket exchange.
Customer traffic at established stores was hit by unseasonably cold and damp bear up against, the Goodlettsville, Tennessee-based company said, adding that it still saw reliable demand for food items.
Sales at Dollar General stores unsealed for more than a year rose 2.1 percent in the three months ended May 4, less than the 3.24 percent proliferation expected by analysts on average, according to Thomson Reuters I/B/E/S.
The company’s net return rose to $364.9 million from $279.5 million year elder. Excluding one-time items, Dollar General earned $1.36 per serving, falling short of analysts’ expectations of $1.40.
Net sales rose to $6.11 billion, but missed appraisals.
The company maintained its full-year sales and earnings targets.