- Dollar General‘s 3Q comparable sales were -1.3%, beating the -2.29% estimate.
- The EPS (Earnings Per Share) was $1.26, compared to $2.33 the previous year.
- Net sales reached $9.69 billion, a 2.4% increase year on year, slightly surpassing the estimate of $9.65 billion.
- The gross margin was 29%, slightly below last year’s 30.5% but above the estimated 29.2%.
- SG&A (Selling, General, and Administrative Expenses) as a percentage of revenue was 24.5%, up from 22.7% the previous year and above the 23.8% estimate.
- Operating profit was $433.5 million, a 41% decrease from the previous year, but above the $426.6 million estimate.
- For the nine-month results, there was a square footage growth of 5.8% and a net addition of 622 stores.
- The diluted EPS guidance for fiscal 2023 continues to anticipate a negative impact of about four percentage points due to higher interest expense.
- The company received 12 buy ratings, 17 hold ratings, and 3 sell ratings.
Dollar General on Smartkarma
According to the recent research reports from top independent analysts on Smartkarma, Dollar General Corporation’s performance has been a major disappointment. Baptista Research‘s report “Dollar General Corporation: Activist Interest Looms After Recent Drop! – Major Drivers” suggests that the company failed to meet Wall Street’s revenue and earnings expectations, leading to a significant drop in its stock value. Guasty Winds‘ report “Dollar General (DG-US) – It’s a trap!” expresses bearish sentiment towards the stock, suggesting that it may not be a good time to buy in. Finally, another report from Baptista Research titled “Dollar General Corporation: Disappointing Performance But There’s Still Hope β Key Drivers” highlights that despite the disappointing results, Dollar General continues to focus on its core customer.
Overall, the analyst coverage of Dollar General on Smartkarma appears to be mixed, with some analysts expressing bearish sentiment and some expressing bullish sentiment. Investors should take note of the reports and conduct their own due diligence before making any decisions regarding their investments in the company.
A look at Dollar General Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Dollar General Corporation has been given a Smartkarma Smart Score of two out of five in terms of its Value and Dividend outlooks, and three out of five for Growth. Resilience and Momentum are both rated two out of five. This indicates that the company has a moderate outlook in the long-term, as it is not particularly strong in any one area.
Dollar General operates a chain of discount retail stores located primarily in the southern, southwestern, midwestern, and eastern United States. It offers a broad selection of merchandise, including consumable products such as food, paper and cleaning products, health, beauty, pet supplies, and non-consumables such as seasonal merchandise.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
