Dollar General's Upcoming Earnings - Analyst Highlights Standout Growth Drivers
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dollar General Corporation (NYSE:DG) with a price target of $185. Dollar General is expected to report 2Q23 earnings on August 31. The company is expected to benefit from strength in consumables and value-priced merchandise, but this could be offset by reduced SNAP benefits, weakness in discretionary categories, and elevated operating costs. Feldman forecasts 2Q23 EPS of $2.54 vs. the FactSet consensus of $2.49.
August 21, 2023 | 7:13 pm
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Dollar General Corporation is expected to report strong 2Q23 earnings, driven by strength in consumables and value-priced merchandise. However, reduced SNAP benefits, weakness in discretionary categories, and elevated operating costs could offset these gains.
The analyst's Outperform rating and the price target of $185 suggest a positive outlook for Dollar General. The company's strength in consumables and value-priced merchandise is expected to drive earnings. However, potential headwinds include reduced SNAP benefits, weakness in discretionary categories, and elevated operating costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100