Same-store sales increased 2.8%, helped by a 1.5% increase in customer traffic and a 1.2% increase in average transaction amount.
Net income of $411.4 million was up 10% from last year, while EPS increased 9.4% YoY to $1.86.
Sales and earnings beat expectations.
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DG raised its outlook for fiscal year 2025 and now expects net sales growth of approx. 4.3-4.8%, versus its previous expectation of 3.7-4.7%. Same-store sales is expected to grow approx. 2.1-2.6% versus the prior range of 1.5-2.5%. EPS is expected to be approx. $5.80-6.30 versus the earlier range of $5.20-5.80.
The results beat and the guidance hike sent the stock rising over 6% in premarket hours on Thursday.
Prior performance
