Dollar General: reduces FY guidance
(CercleFinance.com) - Given more difficult macroeconomic conditions than previously anticipated, Dollar General is now only expecting EPS for the current financial year to fall by 0 to 8%, albeit with sales growth of around 3.
5µ to 5% (1% to 2% LFL). NB: PMT -11%.
The food retailer reported Q1 EPS that is down 2.9% to $2.34, with operating profit virtually unchanged (-0.7%) at $740.9m.
Sales rose by 6.8% to $9.3bn, including growth of 1.6% on a comparable basis, due to an increase in the average value of transactions, although this was partially offset by a fall in customer traffic.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5µ to 5% (1% to 2% LFL). NB: PMT -11%.
The food retailer reported Q1 EPS that is down 2.9% to $2.34, with operating profit virtually unchanged (-0.7%) at $740.9m.
Sales rose by 6.8% to $9.3bn, including growth of 1.6% on a comparable basis, due to an increase in the average value of transactions, although this was partially offset by a fall in customer traffic.
Copyright (c) 2023 CercleFinance.com. All rights reserved.