Key points:
- Dollar General Reports earnings
- Earnings beat expectations, revenue in line
- Dollar General shares rise premarket
Shares of Dollar General (NYSE: DG) gained just over 1% Thursday premarket after it reported earnings before the bell.
The discount store posted earnings of $2.98 per share, topping expectations of $2.93 per share. Revenue came in at $9.4 billion, in line with the consensus estimate and up 9% YoY. Revenue was primarily driven by favorable sales contributions from new stores and growth in same-store sales.
Same-store sales increased 4.6%.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Big Misses From Late Q2 Earnings Season And What They Tell Us About The Markets
“The quarter was highlighted by same-store sales growth of 4.6%, a slight increase in customer traffic, accelerated growth in market share of highly consumable product sales, and double-digit growth in EPS,” said Todd Vasos, Dollar General’s chief executive officer. “During the quarter, we also made significant progress advancing our operating priorities and strategic initiatives, further enhancing our unique value and convenience proposition.”
The company updated its guidance for the year ending February 3, 2023, and now expects net sales growth of approximately 11%, compared to its previous expectation of approximately 10% to 10.5%. In addition, same-store sales growth is now expected to be about 4% to 4.5%, up from previous expectations of roughly 3% to 3.5%.
