Dollar General Lifts FY EPS Guidance to $7.80-$8.00, Up From $7.20-$7.45
DG sits 29% above its 52-week low of $95.11.
Summary
Dollar General raised its full-year EPS guidance to $7.80-$8.00, up from the prior $7.20-$7.45 range provided on June 2. The company also raised its full-year sales growth view to 4%-4.3% from 3.7%-4.2% and its same-store sales growth view to 2.5%-2.9% from 2.2%-2.7%. Second-quarter same-store sales rose 3.5%, with gross margin at 32.6%, including an 81 basis point benefit from tariff refunds. The 2Q EPS included a 25 cent benefit from tariff refunds. The new EPS midpoint of $7.90 is about 8% above the prior midpoint, reflecting improved margin trends and strategic investments.
At the time of this announcement, DG was trading at $123.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $27.1B. 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 8 out of 10. Source: Dow Jones Newswires.