Dollar General Corp (NYSE:DG) shares are trading lower on Thursday after the company announced preliminary Q4 and FY22 financial results and issued preliminary guidance for FY23. The company sees Q4 EPS results in a range below analyst estimates.
Dollar General now expects adjusted earnings per share for the fourth quarter to be in the range of $2.91-$2.96, compared to analyst estimates of $3.24. For the full year, same-store sales are expected to increase 4.3% compared to the company’s previous expectation of being toward the upper end of a range of 4%-4.5%.
Dollar General now expects diluted earnings per share growth to be in the range of approximately 4.5%-5% compared to its previous expectation of approximately 7%-8%.
For FY2023, Dollar General sees same-store sales growth in the range of 3%–3.5% and adjusted EPS growth in the range of approximately 4%-6%, including anticipated negative impacts of the following:
- Approximately three percentage points due to higher interest expense in fiscal 2023
- Approximately four percentage points due to lapping the fiscal 2022 53rd week
Dollar General operates an American chain of variety stores that offers products at everyday low prices.
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DG Price Action: Dollar General has a 52-week high of $262.21 and a 52-week low of $183.25.
Dollar General stocks are down 5.46% at $212.79 at the time of writing, according to Benzinga Pro.
Photo: courtesy of Dollar General.
