Dollar General Beats Q1 Profit, Raises Guidance, Attracting Higher-Income Shoppers
DG is trading near its 52-week low of $95.11 (14% above the low).
Summary
Dollar General reported strong first-quarter results, with sales climbing 3.4% to $10.79 billion and profit topping expectations. The company raised its full-year adjusted earnings-per-share outlook to $7.20-$7.45, up from a prior forecast. This follows earlier announcements today of Q1 results and updated guidance. The company is gaining market share by attracting value-seeking customers across all income groups, notably seeing the largest increase from the highest income segment.
At the time of this announcement, DG was trading at $108.33 on NYSE in the Trade & Services sector, with a market capitalization of approximately $23.9B. The 52-week trading range was $95.11 to $158.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.