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(CercleFinance.com) – In its quarterly publication, Dollar General said it is now expecting EPS of between $5.50 and $6.20 for the financial year ending January 2025, compared to a previous estimate of around $6.80 to $7.55.
Similarly, the distribution group now only expects annual sales growth of around 4.7 to 5.3% (+1 to 1.6% at comparable stores), compared to around 6 to 6.7% (+2 to 2.7% at comparable stores) in the previous target range.
In its second fiscal quarter, Dollar General reported a 20.2% decline in EPS to $1.70 and a 20.6% decline in operating profit to $550 million, despite sales up 4.2% to $10.2 billion.
On a comparable store basis, however, its sales only increased by 0.5%, with an increase in customer traffic partly offset by a decline in the average transaction amount.
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