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Thursday, May 30, 2019

=Dollar General (DG) reported earnings on Thur 30 May 19 (b/o)

Dollar General beats by $0.09, reports revs in-line; reaffirms FY20 EPS, revenue, and comp guidance; Q1 comps +3.8%
  • Reports Q1 (Apr) earnings of $1.48 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $1.39; revenues rose 8.3% year/year to $6.62 bln vs the $6.57 bln S&P Capital IQ Consensus.
  • Same-store sales increased 3.8% compared with the first quarter of 2018, due to increases in both average transaction amount and customer traffic. Same-store sales in the first quarter of 2019 included growth in the consumables, seasonal, and home categories, partially offset by declines in the apparel category. 
  • Co reaffirms guidance for FY20, sees EPS of $6.30-6.50 vs. $6.41 S&P Capital IQ Consensus; sees FY20 revs of +7% to approximately $27.42 bln vs. $27.47 bln S&P Capital IQ Consensus. Co reaffirms FY19 comp guidance of approximately +2.5%.
  • The financial guidance includes the anticipated impact of increased tariff rates on certain products imported from China, which became effective on May 10, 2019. The guidance also assumes that the Company can successfully mitigate, absorb, or otherwise offset the impact of these increased tariff rates. The guidance does not contemplate any additional increases in tariff rates or any expansion of additional products subject to tariffs.

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