Dollar General downgraded to outperform from strong buy at Raymond James
Dollar General downgraded to outperform from strong buy at Raymond James
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Dollar General downgraded to outperform from strong buy at Raymond James
Dollar General Corp. shares jumped 7.5% in Thursday premarket trading after the discount retailer reported fourth-quarter same-store sales that beat expectations and gave an upbeat earnings outlook. Net income for the quarter totaled $712.2 million, or $2.63 per share, up from $414.2 million, or $1.49 per share, for the same period last year. Adjusted EPS was $1.48. Revenue for the quarter was $6.13 billion, up from $6.01 billion year-over-year. And same-store sales rose 3.3%. The FactSet consensus was for EPS of $1.48, sales of $6.21 billion, and same-store sales growth of 2.5%. Dollar General opened 1,315 stores in 2017, a record, according to Chief Executive Todd Vasos, and plans to open 900 in 2018, along with 1,000 store remodels and 100 store relocations. On Tuesday, the company announced a 12% dividend increase to 29 cents per share, payable on or before April 24, 2018 to shareholders of record on April 10, 2018. Dollar General expects 9% sales increase for fiscal 2018, same-store sales growth in the mid-2% range and EPS of $5.95 to $6.15. Same-store sales FactSet consensus is for 2.5% growth and EPS of $5.63. Dollar General is down nearly 2% for the past three months, but up 22.5% for the last year. The S&P 500 index is up 15.3% for the past 12 months.
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Dollar General Q4 EPS $2.63 vs. $1.49
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Dollar General Corp. announced Thursday new parental leave and adoption assistance benefits, effective April 1. The new parental-leave benefit will include two weeks of paid time off for all qualifying "parent" employees and an additional six weeks of paid leave for birth mothers. The company will also provide up to $4,000 in adoption assistance. The discount retailer's stock, which was still inactive in premarket trade, has lost 4.3% over the past three months, while the SPDR S&P Retail ETF has gained 1.4% and the S&P 500 has advanced 2.8%.
Dollar General sets new parental leave policy and adoption assistance benefit
Dollar General Corp. said Monday that it will host the inaugural Innovation and Supplier Diversity Summit in April 2018, seeking suppliers in the following categories: beauty, personal care, wellness, grocery and general merchandise. Eligible suppliers haven't sold items to Dollar General within the last 18 months. Suppliers must apply to participate between Jan. 30 through Feb. 20. Dollar General shares are up 0.2% in Monday premarket trading, and up nearly 50% for the past year. The S&% 500 index is up 25.2% for the past year.
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Dollar General Corp. is a discount retailer in the United States. The company offers a selection of merchandise, including consumables, seasonal, home products and apparel. It offers a focused assortment of everyday necessities, which drive frequent customer visits, and key items in a broad range of general merchandise categories. The company's consumables include paper and cleaning products, such as paper towels, bath tissue, paper dinnerware, trash and storage bags, laundry and other home cleaning supplies; packaged food, such as cereals, canned soups and vegetables, condiments, spices, sugar and flour; perishables, such as milk, eggs, bread, frozen meals, beer and wine; snacks, such as candy, cookies, crackers, salty snacks and carbonated beverages; health and beauty, including over-the-counter medicines and personal care products, such as soap, body wash, shampoo, dental hygiene and foot care products; and pet, including pet supplies and pet food. Dollar General was founded by J. L. Turner and Hurley Calister Turner Sr. in 1939 and is headquartered in Goodlettsville, TN. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Costco Wholesale Corp. | $82.9B | |
Fred's Inc. | $108.57M | |
Dollar Tree Inc. | $23.05B | |
Walmart Inc. | $253.82B | |
Target Corp. | $38.53B |