What to Expect from Dollar General (DG) Q1 2024 Earnings Report
Tuesday, 21 May 2024, 17:02
What to Expect from Dollar General (DG) Q1 2024 Earnings Report
Shares of Dollar General Corporation rose over 3% on Tuesday. The stock dropped 31% over the past 12 months. The discount retailer is scheduled to report its first quarter 2024 earnings results on Thursday, May 30, before market open. Here's a look at what to expect from the earnings report:
Revenue
- Analysts project revenue of $9.9 billion for Dollar General in Q1 2024, compared to $9.3 billion in Q1 2023.
- In Q4 2023, net sales dropped 3% YoY to $9.9 billion.
Earnings
- Dollar General guides for EPS of $1.50-1.60 in Q1 2024.
- Analysts predict EPS of $1.57, compared to $2.34 in Q1 2023. Q4 2023 EPS fell 38% YoY to $1.83.
Key Highlights
- Same-store sales expected to rise in Q1 2024.
- Gross margin fell to 29.5% in Q4 2023, impacted by inflation and low-margin categories.
- Investments in stores target growth amidst sectoral fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.