Dollar General Corporation (NYSE:DG) reported better-than-expected fourth-quarter sales results on Thursday.
The company reported fourth-quarter sales growth of 4.5% year-on-year to $10.304 billion, beating the analyst consensus estimate of $10.264 billion. EPS of $0.87 missed the consensus estimate of $1.51.
"We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results," said CEO Todd Vasos.
As a result of store portfolio optimization review during the quarter, the company plans to close 96 Dollar General stores and 45 pOpshelf stores, and convert an additional six pOpshelf stores to Dollar General stores in the first quarter of fiscal 2025.
Dollar General expects FY25 sales growth of 3.4% – 4.4% and same-store sales growth of 1.2% – 2.2%. The company anticipates FY25 EPS of $5.10 – $5.80 versus an estimate of $5.85. Capital expenditure of $1.3 billion – $1.4 billion.
Dollar General shares gained 6.8% to close at $79.95 on Thursday.
These analysts made changes to their price targets on Dollar General following earnings announcement.
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