=Dollar General (DG) reported earnings on Thur 8/25/16 (b/o)

Dollar General misses by $0.01, misses on revs; guides FY17 EPS below consensus  :

• Reports Q2 (Jul) earnings of $1.08 per share, $0.01 worse than the Capital IQ Consensus of $1.09; revenues rose 5.7% year/year to $5.39 bln vs the $5.5 bln Capital IQ Consensus.
• Co reaffirms guidance for FY17, sees diluted EPS between $3.88-3.93 vs. $4.65 Capital IQ Consensus Estimate.
• Capex for fiscal 2016 are now expected to be in the range of $580 mln to $630 mln to reflect the purchase of 42 Walmart Express stores, compared to the prior forecast of $550 mln to $600 mln.
• On Aug 24, 2016, the Board of Directors authorized an additional $1.0 bln for share repurchases, increasing the total authorization for future repurchases to approximately $1.4 bln.
• "For the second half of the year, we have action plans across both merchandising and store operations intended to drive same-store sales while maintaining strict expense control discipline. Looking ahead, we remain focused on our long-term strategy to invest for growth while also returning cash to shareholders through consistent share repurchases and anticipated quarterly dividends."