Dollar General lifts profit forecast, tops third-quarter expectations on sales

Earnings

A shopper at a Dollar General store

Daniel Acker | Bloomberg | Getty Images

Dollar General raised its full-year profit forecast on Thursday after reporting a better-than-expected quarterly same-store sales as it attracted more shoppers to its stores.

Shares of the company rose nearly 6% in premarket trading as same-store sales rose 4.6% in the third quarter ended Nov. 1, above the average analyst estimate of 3.34% increase, according to IBES data from Refinitiv.

The company raised its full-year adjusted profit to the range of $6.55 to $6.65 per share from $6.45 to $6.60 per share.

Articles You May Like

Airlines waive change fees ahead of nor’easter as flight delays trickle in
Audemars Piguet says its Royal Pop collaboration with Swatch is breaking sales records, despite luxury watch slump and tariffs
As Trump and Xi meet, Chinese automakers could be a Pandora’s box for U.S. auto industry
Prediction market traders think the U.S. added more jobs in September than economists estimate
Coca-Cola hires Rob Gehring from Monster Energy to run its North American operations

Leave a Reply

Your email address will not be published. Required fields are marked *