Dollar General Corporation (NYSE:DG) reported its results for the third quarter. Net income for Dollar General Corporation rose to $171 million (50 cents per share) vs. $128.1 million (37 cents per share) in the same quarter a year earlier. This marks a rise of 34% from the year earlier quarter. Revenue rose 11.5% to $3.6 billion from the year earlier quarter. DG beat the mean analyst estimate of 48 cents per share. Analysts were expecting revenue of $3.57 billion.
“Dollar General delivered another great quarter, and we expect to continue to build upon our strong track record of delivering excellent results for our shareholders,” said Rick Dreiling, chairman and chief executive officer. “Our same-store sales increased 6.3 percent in the third quarter, representing our third consecutive quarter of accelerating same-store sales growth and demonstrating our ability to balance the challenges of pricing and rising input costs.”
Competitors to Watch: Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Dollar Tree, Inc. (NASDAQ:DLTR), Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), Big Lots, Inc. (NYSE:BIG), Fred’s, Inc. (NASDAQ:FRED), Gordmans Stores, Inc. (NASDAQ:GMAN), and Amazing Savings, Inc (ODDJ).
Pep Boys Manny Moe & Jack (NYSE:PBY) reported its results for the third quarter. Net income for Pep Boys Manny Moe & Jack rose to $7 million (13 cents per share) vs. $5.7 million (11 cents per share) in the same quarter a year earlier. This marks a rise of 22.6% from the year earlier quarter. Revenue rose 5.2% to $522.2 million from the year earlier quarter. PBY fell in line with the mean analyst estimate of 13 cents per share. Analysts were expecting revenue of $523.2 million.
“Our service business started to rebound during the third quarter,” commented President & CEO Mike Odell. “Our ‘surround sound’ marketing effort coupled with lower gas prices and pent-up demand drove strong tire sales in the last month of the quarter, which have continued into the fourth quarter. While our retail business remained soft in a challenging environment for consumers, our service business results and margin enhancement initiatives resulted in our 11th quarter of improved profitability, on a year-over-year basis.”
Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), AutoZone (NYSE:AZO), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).