Dollar General's shares plunge as rising competition fuels forecast cuts
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BMO Capital Reiterates Market Perform Rating on Dollar General (DG)
August 29, 2024 8:04 AM EDTBMO Capital analyst Kelly Bania reiterated a Market Perform rating and $130.00 price target on Dollar General (NYSE: DG).
The analyst comments "DG's F2Q25 EPS missed and fell to the low-end of management's range, largely on lower comps. Management cut the full-year EPS... More
Dollar General (DG) stock plunges on earnings miss, lowered outlook
August 29, 2024 7:02 AM EDT(Updated - August 29, 2024 9:56 AM EDT)
Dollar General (NYSE: DG) saw its shares plunge more than 26% on Thursday after the discount retailer reported second-quarter earnings and revenue that fell short of analyst expectations and significantly lowered its full-year guidance.
The company reported adjusted earnings per share of $1.70 for the second quarter, missing the analyst consensus of $1.80. Revenue came in at $10.21 billion, below estimates of $10.38 billion, though up 4.2% YoY. Same-store sales increased a modest 0.5% compared to the same quarter last year.
Dollar General cut its full-year earnings outlook, now expecting EPS... More
