Dollar General (DG) tops Q1 expectations on strong customer traffic growth

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Dollar General (DG) PT Lowered to $155 at Guggenheim

May 31, 2024 6:24 AM EDT

Guggenheim analyst John Heinbockel lowered the price target on Dollar General (NYSE: DG) to $155.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "The shares 8.1% decline (versus S&P 0.6% decline) on a solid 1Q beat reflected a meaningfully below-consensus 2Q guide, which... More

Dollar General (DG) PT Raised to $158 at Deutsche Bank

May 31, 2024 5:12 AM EDT

Deutsche Bank analyst Paul Trussell raised the price target on Dollar General (NYSE: DG) to $158.00 (from $157.00) while maintaining a Buy rating.

The analyst comments "While 1Q results showed that DG is making progress on its Back to Basics plan, the better-than-expected SSS trends (third consecutive quarter of positive traffic; consumables SSS in line... More

Dollar General (DG) PT Lowered to $150 at Evercore ISI

May 31, 2024 4:51 AM EDT

Evercore ISI analyst M. Michael Montani lowered the price target on Dollar General (NYSE: DG) to $150.00 (from $155.00) while maintaining a In Line rating.

The analyst comments "DG is driving trade in and out comping the U.S. grocery industry with 4% traffic a key... More

Dollar General (DG) PT Lowered to $137 at JPMorgan

May 30, 2024 4:10 PM EDT

JPMorgan analyst Matthew Boss lowered the price target on Dollar General (NYSE: DG) to $137.00 (from $161.00) while maintaining a Neutral rating.

The analyst comments "We rate DG Neutral as we see sequential top-line improvement in FY24 supported by managements key initiatives around instocks, store... More

Dollar General (DG) PT Lowered to $160 at Jefferies

May 30, 2024 2:18 PM EDT

Jefferies analyst Corey Tarlowe lowered the price target on Dollar General (NYSE: DG) to $160.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "Traffic drove the strong comp beat relative to guidance and cons expectations. Consumables led category sales growth with gains... More

Dollar General (DG) Tops Q1 EPS by 7c; offers outlook

May 30, 2024 6:57 AM EDT

Dollar General (NYSE: DG) reported Q1 EPS of $1.65, $0.07 better than the analyst estimate of $1.58. Revenue for the quarter came in at $9.91 billion versus the consensus estimate of $9.89 billion.

GUIDANCE:

Dollar General sees FY2025 EPS of $6.80-$7.55, versus the consensus of $7.25.... More

Dollar General Q1 earnings preview: Oppenheimer shares expectations ahead of report

May 30, 2024 4:30 AM EDT

Discount retailer Dollar General (NYSE: DG) is due to report its Q1 earnings on Thursday prior to the market open.

Wall Street analysts are projecting a 5.9% year-over-year revenue growth to $9.90 billion, closely matching the 6.8% increase seen in the same quarter last year. Adjusted earnings are projected at $1.58 per share.

In the past 30 days, the majority of analysts have reaffirmed their estimates for DG, suggesting expectations of stable performance from Dollar General as it approaches its earnings announcement. Over the past two years, the company has missed Wall Street's revenue estimates three... More