Dollar Gen Q3 EPS $1.26 Beats $1.19 Estimate, Sales $9.69B Beat $9.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar General (NYSE:DG) reported Q3 earnings of $1.26 per share, surpassing the consensus estimate of $1.19. However, this represents a 45.92% decrease from the $2.33 per share earned in the same quarter last year. Sales reached $9.69 billion, slightly above the expected $9.65 billion, marking a 2.42% increase from the previous year.
December 07, 2023 | 11:56 am
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Dollar General's Q3 earnings exceeded expectations but showed a significant decrease from the previous year. Sales growth was modest but still beat estimates.
While Dollar General beat EPS and sales estimates, the significant decrease in earnings compared to last year may concern investors. The modest sales growth is positive, but the mixed results could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100