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Compared to Estimates, Dollar General (DG) Q2 Earnings: A Look at Key Metrics
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For the quarter ended July 2024, Dollar General (DG - Free Report) reported revenue of $10.21 billion, up 4.2% over the same period last year. EPS came in at $1.70, compared to $2.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $10.38 billion, representing a surprise of -1.61%. The company delivered an EPS surprise of -5.03%, with the consensus EPS estimate being $1.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Ending store count
: 20,345 versus the 21-analyst average estimate of 20,327.
Same-Store Sales growth
: 0.5% versus the 21-analyst average estimate of 2.1%.
Total selling square footage
: 154.48 Msq ft versus the 20-analyst average estimate of 153.74 Msq ft.
New store openings
: 213 versus the 19-analyst average estimate of 192.
Store closings
: 17 compared to the 17 average estimate based on 18 analysts.
Net sales per square foot
: $66.10 compared to the $67.82 average estimate based on 14 analysts.
Net Sales Per Store
: $0.50 million versus $0.51 million estimated by 12 analysts on average.
Net Sales by Category- Consumables
: $8.40 billion versus $8.45 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Net Sales by Category- Seasonal
: $1.05 billion versus the seven-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of -2%.
Net Sales by Category- Home products
: $480.22 million versus $527 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
Net Sales by Category- Apparel
: $278.16 million versus $288.74 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
Shares of Dollar General have returned +2.9% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Dollar General (DG) Q2 Earnings: A Look at Key Metrics
For the quarter ended July 2024, Dollar General (DG - Free Report) reported revenue of $10.21 billion, up 4.2% over the same period last year. EPS came in at $1.70, compared to $2.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $10.38 billion, representing a surprise of -1.61%. The company delivered an EPS surprise of -5.03%, with the consensus EPS estimate being $1.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Dollar General here>>>Ending store count
: 20,345 versus the 21-analyst average estimate of 20,327.Same-Store Sales growth
: 0.5% versus the 21-analyst average estimate of 2.1%.Total selling square footage
: 154.48 Msq ft versus the 20-analyst average estimate of 153.74 Msq ft.New store openings
: 213 versus the 19-analyst average estimate of 192.Store closings
: 17 compared to the 17 average estimate based on 18 analysts.Net sales per square foot
: $66.10 compared to the $67.82 average estimate based on 14 analysts.Net Sales Per Store
: $0.50 million versus $0.51 million estimated by 12 analysts on average.Net Sales by Category- Consumables
: $8.40 billion versus $8.45 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +6% change.Net Sales by Category- Seasonal
: $1.05 billion versus the seven-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of -2%.Net Sales by Category- Home products
: $480.22 million versus $527 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.Net Sales by Category- Apparel
: $278.16 million versus $288.74 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.Shares of Dollar General have returned +2.9% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.