U.S. discount retailer Dollar General (DG) has reported mixed financial results for this year’s third quarter.
The Tennessee-based company announced earnings per share (EPS) of $0.89 U.S., which was below Wall Street’s forecast of $0.94 U.S.
Revenue in the July through September period totaled $10.2 billion U.S., which topped the consensus forecast on Wall Street of $10.14 billion U.S. Sales were up 5% from a year ago.
Dollar General said that it incurred additional, one-time expenses of $32.7 million U.S. during Q3 due to hurricanes that swept across the southern U.S. at the end of summer this year.
In terms of guidance, Dollar General’s management team said they expect revenue growth of 4.8% to 5.1%, which is up from an earlier forecast of 4.7% to 5.3% growth.
Management also reiterated their goal of opening 575 new stores nationwide in the U.S. by Jan. 30, 2026.
Prior to today (Dec. 5), the stock of Dollar General had declined 43% this year to trade at $79.50 U.S. per share.
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