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Dollar General meets or exceeds Q2 2024 earnings expectations?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Dollar General's Q2 2024 earnings report
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Dollar General Exceeds Q1 2024 Earnings Expectations, Shares Rise 2%, Reaffirms Full-Year Guidance
May 30, 2024, 11:09 AM
Dollar General Corp reported its Q1 2024 earnings, surpassing analysts' expectations. The company posted an adjusted EPS of $1.65, beating the estimated $1.57. Revenue for the quarter reached $9.91 billion, slightly above the forecasted $9.88 billion. Sales increased by 6.1%, and comparable sales grew by 2.4%, aligning closely with the estimated 2.39%. Despite the positive sales figures, net income fell by 29.4% to $363.3 million, attributed to higher costs and declining sales in higher-margin non-consumable categories. Dollar General reaffirmed its full-year guidance, projecting same-store sales growth between 2.0% and 2.7%. Following the earnings release, shares of Dollar General rose by approximately 2%.
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