Dollar General (DG) Reports In-Line Q2 EPS; Guides Sales Higher

Dollar General (NYSE: DG) reported Q2 EPS of $2.94, in-line with the analyst estimate of $2.94. Revenue for the quarter came in at $9.4 billion versus the consensus estimate of $9.39 billion.

GUIDANCE:

• Net sales growth of approximately 11%, including an estimated benefit of approximately two percentage points from the 53rd week; compared to its previous expectation of approximately 10.0% - 10.5%, including an estimated benefit of approximately two percentage points from the 53rd week; and
• Same-store sales growth of approximately 4.0% - 4.5%; compared to its previous expectation of approximately 3.0% - 3.5%.
• Diluted EPS growth in the range of approximately 12% to 14%, including an estimated benefit of approximately four percentage points from the 53rd week;
  • This Diluted EPS guidance now assumes a revised expectation of an effective tax rate in the range of 22.0% - 22.5%; compared to its previous expectation in the range of 22.5% - 23.0%;

For earnings history and earnings-related data on Dollar General (DG) click here.

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