Dollar General said Thursday its fourth-quarter profit rose to $322.2 million, or $1.01 a share, from $317.4 million, or $0.97 a share, a year earlier.
Net sales increased to $4.49 billion from $4.21 billion and same-store sales rose 1.3 percent.
The street was expected earnings of $1.01 on sales of $4.62 billion.
The company said the harsh winter weather “impacted” fourth-quarter sales and was responsible for “many days with significant store closures.”
Dollar General said it expects first-quarter per-share earnings of about 72 cents to 74 cents, an increase in same-store sales of 3 percent, and total sales to rise 8 percent.
For the 2014 fiscal year, Dollar General sees per-share earnings of $3.45 to $3.55, a 4 percent increase in same-store sales, and total sales to rise 8% to 9%. Shares fell 3.9 percent premarket.
This article originally appeared in Marketwatch.com.