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

Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group
Snowflake rockets 32%, its best day ever, after earnings beat
These key 401(k) plan changes are coming in 2025. Here’s what savers need to know
Nvidia to report third-quarter earnings after the bell
Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year

Leave a Reply

Your email address will not be published.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