Dollar General Cuts FY24 Outlook: Adj. EPS From $6.80-$7.55 To $5.50-$6.20 Vs. $7.13 Estimate, Revenue From $41.01B-$41.28B To $40.51B-$40.74B Vs. $41.02b Estimate
Portfolio Pulse from Benzinga Newsdesk
Dollar General has revised its fiscal year 2024 financial outlook, lowering its adjusted EPS and revenue expectations due to softer sales trends and gross margin impacts. The company now anticipates net sales growth of 4.7% to 5.3% and same-store sales growth of 1.0% to 1.6%.
August 29, 2024 | 11:00 am
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Dollar General has lowered its FY24 financial guidance, reducing its adjusted EPS range to $5.50-$6.20 from $6.80-$7.55 and revenue expectations to $40.51B-$40.74B from $41.01B-$41.28B. This reflects softer sales trends and gross margin impacts.
The downward revision in Dollar General's financial guidance indicates weaker-than-expected sales and margin pressures, which are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100