What to Expect from Dollar General’s Quarterly Earnings Report

Dollar General Corporation (DG) will be releasing their quarterly earnings report today. The company is expected to show an increase in sales for the quarter.

Estimates place earnings at 5.6% above where they were last year for this same quarter, which would place sales at $9.87 billion. The company expects to grow even further in 2024 by successfully drawing in budget-minded shoppers with its discount stores, especially amid high inflation rates.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

The company may have trouble with its profits, though, as increased operating expenses will make it difficult for the company to produce the kind of profit that boosts share prices. Currently, Dollar General stock is down 0.03% to $145 per share.

That is higher than the year’s starting price of $140, but it is not as high as the stock has climbed for the year. DG stock peaked in 2024 in March at $161 per share.

Dollar General does not always do consistently well in its earnings reports, often demonstrating mixed results. While the last quarter saw the company exceed expectations by 5.2%, overall for the last four quarters, the company is down 1.3% in earnings.

Should You Invest in Dollar General Stock?

Dollar General has attempted to expand their company over the past few years by growing their private fleet and trying a few new innovations. Their DG Fresh selection offers customers a selection of fresh foods like eggs, milk, and deli meats not previously sold in their stores. Their SKU rationalization program changes up how items are arranged in the store so that they make more sense for customer shopping habits.

However, the company has had to close numerous stores in recent years, and they downsized their physical presence. They are not the ubiquitous presence that they were before Covid, but they could still grow from the previous quarter.

We expect inflation to hold the stock back and keep retail sales low for now, and this stock could be a risky one at this point.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles