Dollar General: EPS in line with consensus.
(CercleFinance.com) - Dollar General has reported Q3 earnings that are up nearly 8% at 253 million dollars, meaning EPS of 93 cents per share, in line with the consensus, despite a negative five-cent impact from the hurricanes that recently hit the United States.
At 5.9 billion dollars, the distribution group's revenues increased by 11%, including same-stores sales growth of 4.3%, driven by both growth in the average basket and customer traffic.
For the full year, Dollar General has tightened its target EPS range to between 4.37 dollars and 4.47 dollars, compared with 4.35 dollars to 4.50 dollars previously, with sales growth that is now expected at around 7% (same-stores sales growth of +2.5%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
At 5.9 billion dollars, the distribution group's revenues increased by 11%, including same-stores sales growth of 4.3%, driven by both growth in the average basket and customer traffic.
For the full year, Dollar General has tightened its target EPS range to between 4.37 dollars and 4.47 dollars, compared with 4.35 dollars to 4.50 dollars previously, with sales growth that is now expected at around 7% (same-stores sales growth of +2.5%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.