Dollar General (DG) Tops Q1 Views; Boosted Outlook Leaves Investors Guessing
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Price: $114.58 +1.89%
Financial Fact:
Basic (in shares): -568.14M
Today's EPS Names:
CBRS, MAYS, CRMT, More
Financial Fact:
Basic (in shares): -568.14M
Today's EPS Names:
CBRS, MAYS, CRMT, More
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Dollar General (NYSE: DG) shares are lower following the release of its first-quarter 2012 results, issued after the market closed Monday.
Revenue at DG rose 13 percent from $3.45 billion during the same quarter last year to $3.90 billion. The Street was looking for revs of $3.82 billion. Comps were up 6.7 percent.
Net income moved 36 percent higher to $213.42 million, or 63 cents per share. The Street was looking for a more modest increase to 60 cents per share.
Similar to last year, consumables and seasonal led top-line growth, while apparel sales lagged behind.
Annual inventory turnover was 5.3 times through the quarter, with inventory as of May 4th at $2.00 billion.
Looking ahead, DG reaffirmed sales expectations and raised 2012 EPS outlook from a range of $2.65 - $2.75 to a range of $2.68 - $2.78. The boosted EPS outlook compares with consensus views calling for $2.77.
Shares of DG are 2.6 percent lower in late-Monday trading.
Revenue at DG rose 13 percent from $3.45 billion during the same quarter last year to $3.90 billion. The Street was looking for revs of $3.82 billion. Comps were up 6.7 percent.
Net income moved 36 percent higher to $213.42 million, or 63 cents per share. The Street was looking for a more modest increase to 60 cents per share.
Similar to last year, consumables and seasonal led top-line growth, while apparel sales lagged behind.
Annual inventory turnover was 5.3 times through the quarter, with inventory as of May 4th at $2.00 billion.
Looking ahead, DG reaffirmed sales expectations and raised 2012 EPS outlook from a range of $2.65 - $2.75 to a range of $2.68 - $2.78. The boosted EPS outlook compares with consensus views calling for $2.77.
Shares of DG are 2.6 percent lower in late-Monday trading.
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