Dollar General (NYSE: DG) 4Q18 Results: Beats on Comps, Light 2019 Earnings Guidance, Expects to Open 975 Stores in 2019
- Dollar General reported 4Q18 revenues of $6.65 billion, up 8.5% year over year and in line with the consensus estimate. EPS was $1.83, down 29.9% year over year and missing the $1.89 consensus estimate, even adding back a $0.04 charge.
- Comps increased 4.0%, beating the 2.6% consensus estimate.
- The company guided for 2019 revenue growth of 7%, 2.5% comps an EPS of $6.30-6.50 (up 5-9%), below the $6.64 consensus estimate. Dollar General plans to open 975 new stores, remodel 1,000 mature stores, and relocate 100 stores in 2019.
Dollar General reported 4Q18 results that beat on comps but missed on EPS. The company offered light EPS guidance in 2019 due to various investments and plans to open 975 stores.
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