Dollar General says sees headwind from Affordable Care Act Says Q4 was a "challenging" time for the industry. Sales trends starting out so far in Q1 have been impacted by the continued weather volatility. Says tobacco sales are continuing to have a positive impact on sales and store traffic. Says remains optimistic that changes which were implemented in FY13 will impact FY14. Says confident in store growth for many years to come. Says confident it can meet operating goals. The company says it remains cautious regarding the economic outlook for core customers. Dollar General says it has purchased an additional 3.5M shares or $200M so far in 2014. Says to remain consistent, opportunistic in share repurchases. Expects online sales for FY14 to increase. Sees health costs increasing. Says several factors weighing on Q1 results, including weather. says gross margin will continue to be impacted by tobacco introduction. Believes customer spending will be constrained in FY14. Sees headwind of approximately $10M-$15M, or 2c-3c from Affordable Care Act. Comments made during the company's Q4 earnings conference call.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: 1-800-Flowers.com (FLWS) upgraded to Buy from Hold at Noble Financial... Diageo (DEO) upgraded to Overweight from Neutral at JPMorgan... Dollar General (DG) upgraded to Buy from Hold at BB&T... Intel (INTC) upgraded on positive checks at JMP Securities... Mazor Robotics (MZOR) upgraded to Buy from Neutral at Sterne Agee CRT... Star Bulk Carriers (SBLK) upgraded to Neutral from Sell at UBS... Trimble (TRMB) upgraded to Buy from Neutral at Goldman.