Dollar General Analysts Slash Their Forecasts After Downbeat Q1 Results
Portfolio Pulse from Lisa Levin
Dollar General Corporation (NYSE:DG) reported worse-than-expected Q1 results and cut its FY23 sales growth outlook. EPS decreased 2.9% to $2.34, missing the analyst consensus of $2.38. Sales growth was 6.8% YoY to $9.34 billion, missing the consensus of $9.46 billion. The company's shares dipped 19.5% to close at $161.86 on Thursday.
June 02, 2023 | 11:55 am
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Dollar General's Q1 results missed expectations, leading to a cut in FY23 sales growth outlook and a 19.5% dip in share price.
Dollar General's worse-than-expected Q1 results and the cut in its FY23 sales growth outlook have negatively impacted investor sentiment, causing the share price to dip 19.5%. This indicates a short-term negative impact on the stock.
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