Dollar General Reports In-Line Q2 EPS, Revenues Slightly Better

Dollar General Corporation (NYSE:DG) reported its Q2 results, with EPS coming in at $2.94, in line with the Street estimate of $2.94. Revenue was $9.4 billion, compared to the Street estimate of $9.39 billion.

Comps increased 4.6%, beating the 3.9% Street estimate. Management also lifted full 2022-year revenue growth expectations again to 11% from 10-10.5%. The company reaffirmed bottom-line targets reflecting a more uncertain backdrop.

Analysts at Oppenheimer said they would take advantage of any profit-taking today as shares historically struggle on prints and given potential concerns on Family Dollar price investments.