Categories AlphaGraphs, Retail

Dollar General (DG) Q2 2022 Earnings: Key financials and quarterly highlights

Dollar General Corporation (NYSE: DG) reported second quarter 2022 earnings results today.

Net sales increased 9% year-over-year to $9.4 billion, driven by positive sales contributions from new stores and growth in same-store sales.

Same-store sales increased 4.6%, driven by increases in average transaction amount and customer traffic.

Net income rose 6.4% to $678 million while EPS grew 10.8% to $2.98 compared to last year. Both revenue and earnings beat expectations.

The company updated its sales guidance for fiscal year 2022 and now expects net sales to grow approx. 11%, versus the previous outlook of 10-10.5%, and same-store sales to grow around 4-4.5% versus the prior range of 3-3.5%. EPS is expected to grow approx. 12-14% for the year.

Prior performance

Dollar General Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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