Walgreen Co. (NYSE: WAG) reported early Tuesday that its fiscal second quarter net income climbed to $739 million, or 80 cents a share, from $669 million, or 68 cents a share, in the year-ago period. Revenue increased 8.9% to $18.5 billion from $16.99 billionAnalysts, on average, expect the company to report earnings of $0.80 per share on revenue of $18.38 billion.
Dollar General Corp. (NYSE: DG) said Tuesday that its fiscal fourth-quarter earnings surged to $222.5 million, or 64 cents a share, from $87.2 million, or 26 cents a share, in the year-ago period. On an adjusted basis, the company earned 65 cents a share in the latest quarter. Revenue grew to $3.5 billion from $3.2 billion. Analysts, on average, expected the company to report earnings of 59 cents a share on revenue of $3.52 billion. Looking ahead to fiscal 2011, the company forecast earnings in the range of $2.20 to $2.30 a share. We are off to a strong start in 2011. Even in a challenging macroeconomic environment, we expect to deliver strong financial performance in 2011, including top-line growth of 11 to 13 percent and same-store sales growth of 3 to 5 percent," aid Rick Dreiling, chairman and chief executive officer.
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