Dollar General (NYSE: DG) 1Q19 Results: Revenues and Comps Beat Consensus Estimates

Executive Summary

• Dollar General reported 1Q19 revenues of $6.62 billion, up 8.3% year over year and marginally above the $6.57 billion consensus estimate. Adjusted EPS was $1.48, up 8.8% year over year and beating the $1.39 consensus estimate.
• Comps increased 3.8%, beating the 2.7% consensus estimate.
• The company maintained its guidance for 2019 revenue growth of 7%, 2.5% comps and EPS of $6.30-6.50 (up 5-9%), and in line with the $6.41 consensus estimate.
• Dollar General plans to open 975 new stores, remodel 1,000 mature stores, and relocate 100 stores in 2019.