Dollar General's Q2 sales slightly beat estimates; raises FY forecast
DG•What drove the quarter
- Category growth - Co said same-store sales grew in consumables, seasonal, home products and apparel.
- Tariff refunds - Gross margin and EPS benefited from tariff refunds after related reinvestments.
- Customer traffic - Co said customer traffic increased 2.0%, contributing to same-store sales growth.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Beat* | $11.29 bln | $11.20 bln (21 Analysts) |
| Q2 EPS | $2.48 | ||
| Q2 Net Income | $550.32 mln | ||
| Q2 Dividend | $0.59 | ||
| Q2 Same-Store Sales Growth | 3.5% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 20 "hold" and 1 "sell" or "strong sell". The average consensus recommendation for the discount stores peer group is "buy". Wall Street's median 12-month price target for Dollar General Corp is $126.67, about above its August 26 closing price of . The stock recently traded at the next 12-month earnings vs. a P/E of 16 three months ago.
