Dollar General Tops Q3 Profit Forecast, Holds Back Guidance

Dollar General Corp.  (DG) – Get Report posted stronger-than-expected third quarter earnings Thursday, with impressive same-store sales growth, but declined to provide updated profit guidance amid the increasing pandemic uncertainty.

Dollar General said adjusted earnings for the three months ending in October were pegged at $2.31 per share, up 62.7% from the same period last year and firmly ahead of the Street consensus forecast of $1.96 per share. Group revenues, Dollar General said, rose 17.3% to $8.2 billion, again topping analysts’ forecast of an $8.13 billion tally. 

Source Article