Categories AlphaGraphs, Earnings, Retail
Infographic: Key highlights from Dollar General’s (DG) Q3 2022 earnings results
Dollar General Corporation (NYSE: DG) reported third quarter 2022 earnings results today.
Net sales increased 11.1% to $9.5 billion compared to the same period a year ago, driven mainly by positive sales contributions from new stores and growth in same-store sales.
Same-store sales increased 6.8%, driven by increases in average transaction amount and customer traffic.
Net income increased 8% to $526.2 million and EPS increased 12% to $2.33 compared to the year-ago quarter.
Sales beat estimates but earnings fell short of expectations.
For the fourth quarter of 2022, Dollar General expects same-store sales growth of approx. 6-7% and EPS of $3.15-3.30.
The company lowered its FY2022 EPS growth guidance to a range of 7-8% from the prior outlook of 12-14%.
The earnings miss and guidance cut caused the stock to dive over 6% in premarket hours.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Johnson & Johnson to report Q2 earnings on July 16. Here’s what to expect
Johnson & Johnson's (NYSE: JNJ) business strategy for fiscal 2025 is focused on reducing the impact of patent expirations on its revenue. Anticipating sales to benefit from growth initiatives, including
What to expect when United Airlines (UAL) reports its Q2 2025 earnings results
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) stayed green on Tuesday. The stock has gained 44% over the past three months. The airline company is scheduled to report its
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
