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Dollar General (NYSE: DG) 2Q19 Results: Beats Consensus on Revenues and Comps; Raises Guidance

Executive Summary

  • Dollar General reported 2Q19 revenues of $6.98 billion, up 8.4% year over year and above the $6.89 billion consensus estimate. Adjusted EPS was $1.74, up 14.5% year over year and comfortably beating the $1.57 consensus estimate.
  • Comps increased 4.0%, beating the 2.5% consensus estimate.
  • The company guided for 2019 revenue growth of 8%, comp growthin the low-to-mid 3% range and EPS of $6.36-6.51 (up 6-9%), and below the $6.53 consensus estimate.
  • Dollar General reaffirmed plans to open 975 new stores, remodel 1,000 mature stores and relocate 100 stores in 2019.

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