Where Will Dollar General Stock Be in 1 Year?
Dollar General's (NYSE: DG) stock price dipped 3% on March 16 after it posted its latest earnings report. In the fourth quarter of fiscal 2022, which ended on Feb. 2, the discount retailer's net sales rose 17.9% year over year to $10.2 billion but missed analysts' estimates by $40 million. Most of that growth was driven by new store openings and an extra week compared to the prior-year quarter. Its same-store sales, which exclude its new stores and the extra week, grew 5.7%. Its diluted earnings increased 15.2% to $2.96 per share and cleared the consensus forecast by two cents.
For the full year Dollar General's net sales rose 10.6% to $37.8 billion, its same-store sales improved 4.3%, and its diluted EPS grew 5% to $10.68. All three of those growth rates accelerated from fiscal 2021, when it faced tough comparisons to its pandemic-induced growth spurt in fiscal 2020.
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Source Fool.com
