Categories AlphaGraphs, Earnings, Retail
DG Earnings: Key quarterly highlights from Dollar General’s Q2 2024 financial results
Dollar General Corporation (NYSE: DG) reported its second quarter 2024 earnings results today.
Net sales increased 4.2% to $10.2 billion compared to the same period a year ago. Same-store sales increased 0.5%.
Net income decreased 20.2% to $374.2 million, or $1.70 per share, compared to last year.
The top and bottom line numbers missed estimates.
The company lowered its guidance for fiscal year 2024. It now expects net sales growth of approx. 4.7-5.3%, compared to its previous expectation of approx. 6.0-6.7%.
Same-store sales growth is now expected to be approx. 1.0-1.6%, compared to the prior range of 2.0-2.7%. EPS is now expected to be approx. $5.50-6.20, compared to the previous outlook of approx. $6.80-7.55.
The earnings miss and the guidance cut sent the stock crashing over 21% in premarket hours on Thursday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Microsoft expected to report higher Q3 revenue, profit
Tech behemoth Microsoft Corp. (NASDAQ: MSFT) is preparing to report its third-quarter 2025 results, amid expectations for a year-over-year increase in revenue and earnings. The company has performed well recently,
What to expect when eBay (EBAY) reports its Q1 2025 earnings results
Shares of eBay Inc. (NASDAQ: EBAY) were down slightly in midday trade on Friday. The stock has gained 8% year-to-date. The ecommerce giant is slated to report its earnings results
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
