Dollar Gen Q1 2024 GAAP EPS $1.65 Beats $1.56 Estimate, Sales $9.910B Beat $9.897B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar General (NYSE:DG) reported Q1 2024 earnings per share (EPS) of $1.65, beating the analyst estimate of $1.56. Sales were $9.910 billion, slightly above the $9.897 billion estimate. Despite the beat, EPS decreased by 29.49% year-over-year.
May 30, 2024 | 10:58 am
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Dollar General's Q1 2024 earnings per share (EPS) of $1.65 beat the analyst estimate of $1.56, and sales of $9.910 billion slightly exceeded the $9.897 billion estimate. However, the EPS represents a significant 29.49% decrease from the same period last year.
While Dollar General beat both EPS and sales estimates, the significant year-over-year decrease in EPS by 29.49% may concern investors. This mixed result could lead to neutral short-term price movement as the market digests the positive beat against the negative year-over-year performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100