Categories LATEST, Retail

Dollar General (NYSE: DG): Q3 2019 Earnings Snapshot

— Department store operator Dollar General (NYSE: DG) reported net income was $365.6 million or $1.42 per share for the third quarter of 2019, compared to $334.1 million or $1.26 per share last year. Analysts expected earnings of $1.38 per share.

Dollar General (NYSE: DG): Q3 2019 Earnings Snapshot

— Net sales increased 8.9% to $7 billion from to $6.4 billion in the third quarter of 2018, vs. $6.92 billion expected

— Same-store sales increased 4.6% during the period, driven by increases in average transaction amount and customer traffic

— Returned $482 million to shareholders through share repurchases and cash dividends

— Declared Q4 cash dividend of $0.32 per share; raised share repurchase program authorization by $1.0 Billion

— Expects net sales growth in the low 8% range for fiscal 2019, which is broadly unchanged from the previous outlook

— Expects full-year same-store sales growth to be in the mid-to-high 3% range, compared to earlier guidance in the low-to-mid 3% range

— Expects EPS in the range of $6.46 to $6.56 for 2019, up from the previous outlook range of $6.36 to $6.51

— Forecasts adjusted EPS, excluding the after-tax impact of the Significant Legal Expenses, in the range of $6.55 to $6.65 for 2019

— Plans to execute nearly 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations, in fiscal 2020

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top