Dollar General (DG) Tops Q2 EPS by 3c, Revenues Beat; Lifts FY18 Net Sales Growth & SSS Growth Guidance, Affirms FY18 EPS Outlook
Dollar General (NYSE: DG) reported Q2 EPS of $1.52, $0.03 better than the analyst estimate of $1.49. Revenue for the quarter came in at $6.4 billion versus the consensus estimate of $6.37 billion.
“We delivered a strong second quarter and are proud of our team’s execution,” said Todd Vasos, Dollar General’s chief executive officer. “Our results this quarter were driven by contributions from our mature store base, as well as the robust performance of our new stores. In addition, we maintained our disciplined focus on cost control, which culminated in another quarter of significant earnings growth. At the same time, we also continued to invest in our strategic initiatives and made meaningful progress advancing against our goals. We are grateful to our approximately 134,000 employees throughout the company who continued to provide our customers with the value and convenience they have come to expect from Dollar General, and we are looking forward to a solid second half.”
GUIDANCE:
Dollar General sees FY2018 EPS of $5.95-$6.15, versus the consensus of $6.06.
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