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The discount retailer posted a 33% jump in earnings per share and lifted its annual EPS outlook to $7.80–$8.00
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Dollar General $DG reported second-quarter net income of $550.3 million on Thursday, a 33.8% increase from $411.4 million a year earlier, and raised its full-year financial guidance on the strength of the results.
Diluted earnings per share came in at $2.48 for the quarter ended July 31, up from $1.86 in the same period a year ago. Analysts had expected $2.01 per share, according to the Wall Street Journal. Net sales rose 5.2% to $11.29 billion, ahead of the $11.2 billion analyst consensus tracked by the Journal. Same-store sales grew 3.5%, driven by a 2.0% increase in customer traffic and a 1.5% rise in average transaction amount.
