Dollar General (DG) Tops Q2 EPS by 17c; SSS Rose 4%
Dollar General (NYSE: DG) reported Q2 EPS of $1.74, $0.17 better than the analyst estimate of $1.57. Revenue for the quarter came in at $7 billion versus the consensus estimate of $6.89 billion. Net Sales Increased 8.4%; Same-Store Sales Increased 4.0%.
“We are pleased with our second-quarter results, driven by strong performance on both the top and bottom lines,” said Todd Vasos, Dollar General’s chief executive officer. “Our results this quarter were fueled by solid execution across many fronts, including category management, merchandise innovation, store operations, and continued progress with our strategic initiatives. In addition, we remained focused on disciplined cost control, which culminated in another quarter of strong earnings growth. Given our first-half performance and expectations for the remainder of the year, we are raising our full-year financial guidance.”
“Overall, we made solid progress on each of our key initiatives and believe we are well positioned to drive continued growth as we move ahead. Importantly, the strength of our second-quarter performance further validates our belief that we are pursuing the right strategies to create meaningful long-term shareholder value.”
GUIDANCE:
Dollar General sees FY2019 EPS of $6.45-$6.60, versus the consensus of $6.47. Same-store sales growth in the low-to-mid 3% range, compared to its previous expectation of approximately 2.5%. Net sales growth of approximately 8%, compared to its previous expectation of approximately 7%
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