Dollar General: cuts full-year guidance

(CercleFinance.com) - On its quarterly publication, Dollar General stated that it now expects EPS of $5.
50 to $6.20 for FY to January 2025, compared with a previous estimate of around $6.80 to $7.55. NB: pmt -24% !

Likewise, the retail group now expects annual sales growth of only around 4.7% to 5.3% (+1% to 1.6% LFL), compared with the previous target range of around 6% to 6.7% (+2% to 2.7% LFL).

Dollar General posted Q2 EPS down 20.2% to $1.70 and operating profit down 20.6% to $550m, despite sales that are up 4.2% to $10.2bn.

Sales were up just 0.5% LFL, with an increase in customer traffic partly offset by a fall in the average transaction value.


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