Discount retailer, Dollar General Corporation (DG - Analyst Report) came out with second-quarter fiscal 2015 results, wherein earnings of 95 cents a share surpassed the Zacks Consensus Estimate by a penny, while rising 14% year over year.

For fiscal 2015, Dollar General continues to expect earnings to be in the range of $3.85 to $3.95 per share. The Zacks Consensus Estimate is pegged at $3.94 per share.

Earnings Estimate Revision: The Zacks Consensus Estimate for both fiscal 2015 and 2016 remains unchanged in the last 30 days. In the trailing four quarters, including quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 0.6%.

Revenues: Dollar General generated net sales of $5,095.9 million that increased 7.9% year over year but fell short of the Zacks Consensus Estimate of $5,140 million. Same store sales increased 2.8% for the quarter.

For fiscal 2015, the company continues to expect sales to grow 8-9% over fiscal 2014 sales. Same store sales are expected to grow 3-3.5% for fiscal 2015.

Key Events: During the first half of fiscal 2015, Dollar General opened 428 new stores and remodeled or relocated 593 stores and repurchased 9.7 million shares for $734.3 million.

Zacks Rank: Currently, Dollar General carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.

Stock Movement: However, Dollar General shares are down nearly 3.5% during pre-market trading hours following the earnings release.

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