Dollar Gen Lowers FY2023 GAAP EPS Guidance from $9.83-10.68 to $7.10 - $8.30 vs $10.01 Est; Lowers FY2023 Sales Growth Outlook to 1.3% - 3.3% from 3.5% - 5% Prior. Same Store Sales (1%) - 1%
Portfolio Pulse from Benzinga Newsdesk
Dollar General has lowered its FY2023 GAAP EPS guidance from $9.83-10.68 to $7.10 - $8.30, which is below the estimated $10.01. The company also reduced its FY2023 sales growth outlook to 1.3% - 3.3% from the previous 3.5% - 5%. Same-store sales growth is expected to range from a decline of 1.0% to growth of 1.0%, compared to the previous expectation of 1.0% to 2.0% growth.
August 31, 2023 | 11:03 am
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Dollar General's lowered FY2023 GAAP EPS guidance and sales growth outlook could negatively impact its stock price in the short term.
Dollar General's lowered earnings and sales growth outlook for FY2023 indicates potential financial challenges. This could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100