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29.08.2024
Company news: Dollar General’s (DG) quarterly results miss analysts’ estimates
Dollar General (DG) reported Q2 FY2024 earnings of $1.70 per share (versus $2.13 per share in Q2 FY2023), missing analysts’ consensus estimate of $1.79 per share.
The company’s quarterly revenues amounted to $10.210 bln (+4.2% y/y), missing analysts’ consensus estimate of $10.368 bln.
The company also issued lowered guidance for FY2024, seeing EPS of $5.50-6.20, down from $6.80-7.55 in its previous forecast, versus analysts’ consensus estimate of $7.10 and revenues of +4.7-5.3% y/y to $40.51-40.74 bln, down from +6.0-6.7% y/y in its previous forecast, versus analysts’ consensus estimate of $41.03 bln.
DG fell to $92.99 (-24.9%) in pre-market trading.
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