Stock Story - Discount retailer Dollar General (NYSE: DG )reported results in line with analysts' expectations in Q1 CY2024, with revenue up 6.1% year on year to $9.91 billion.
It made a GAAP profit of $1.65 per share, down from its profit of $2.34 per share in the same quarter last year.
Is now the time to buy Dollar General? Find out by reading the original article on StockStory, it's free . Dollar General (DG) Q1 CY2024 Highlights: Revenue: $9.91 billion vs analyst estimates of $9.
90 billion (small beat) EPS: $1.65 vs analyst estimates of $1.58 (4.
4% beat) Q2 EPS guidance: $1.78 at the midpoint vs analyst estimates of $1.92 (7.
6% miss) Maintained full year guidance for sales and EPS Gross Margin (GAAP): 30.2%, down from 31.6% in the same quarter last year Locations: 20,149 at quarter end, up from 19,294 in the same quarter last year Same-Store Sales rose 2.
4% year on year (beat vs. expectations of up 1.9% year on year) Market Capitalization: $30.
6 billion “We are pleased with our start to 2024, including top and bottom-line results that exceeded our expectations in the first quarter,” said Todd Vasos, Dollar General’s chief executive officer. Appealing to the budget-conscious consumer, Dollar General (NYSE:DG) is a discount retailer that sells a wide range of household essentials, groceries, apparel/beauty products, and seasonal merchandise. Discount Grocery StoreTraditional grocery stores are go-tos for many families, but discount grocers serve those who may not hav.
