Raised Outlook, Share Buybacks Accompany Dollar General’s Strong Q2 Results

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By Trey Thoelcke Published
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Dollar General (NYSE: DG) this morning reported fiscal second-quarter earnings of $0.64 per share on $3.95 billion in revenue. The results compare to $0.42 per share and $3.58 billion in the same period a year ago and to the Thomson Reuters consensus estimates of $0.64 per share on $3.95 billion. Same-store sales increased 5.1% year-over-year, driven by increases in customer traffic and average transaction amount.

The Tennessee-based discount retailer also lifted its full-year EPS guidance to $2.77 to $2.85 from the previous $2.68 to $2.78 per share. The Thomson Reuters consensus estimate is for $2.81 per share.

Furthermore, the board of directors authorized the purchase up to an additional $500 million of its common stock. This is over and above the $15 million remaining under the previous $500 million authorization.

“Dollar General had another strong quarter,” said chairman and CEO Rick Dreiling. “We are pleased with the start of our third quarter and have refined our expectation for full year same-store sales growth to 4 to 5 percent, an increase from our previous expectation of 3 to 5 percent.”

Shares are up by more than 4.5% in premarket trading at $53.02. The 52-week trading range is $34.22 to $56.04. Thomson Reuters had a consensus analyst price target of $58.97 before this news.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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