Dollar General: Q4 EPS up a quarter
(CercleFinance.com) - Dollar General has reported a 24.
8% increase in Q4 EPS to 2.62 dollars, albeit short of the consensus, while its operating profit rose by 21% to 872.2 million dollars.
At 8.4 billion dollars, the discount retailer's sales rose by 17.6%, including a 12.7% increase on a like-for-like basis, with a significant positive effect stemming from consumer behaviour as a result of Covid-19.
Dollar General also announced an increase in its share buyback authorisation and a 16.7% increase in its quarterly dividend to 0.42 dollar per share. For the new fiscal year, it expects sales to be either stable or down by up to 2%, with EPS of 8.80 to 9.50 dollars.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
8% increase in Q4 EPS to 2.62 dollars, albeit short of the consensus, while its operating profit rose by 21% to 872.2 million dollars.
At 8.4 billion dollars, the discount retailer's sales rose by 17.6%, including a 12.7% increase on a like-for-like basis, with a significant positive effect stemming from consumer behaviour as a result of Covid-19.
Dollar General also announced an increase in its share buyback authorisation and a 16.7% increase in its quarterly dividend to 0.42 dollar per share. For the new fiscal year, it expects sales to be either stable or down by up to 2%, with EPS of 8.80 to 9.50 dollars.
Copyright (c) 2021 CercleFinance.com. All rights reserved.