<p>Dollar General (NYSE: DG) earnings for the fourth quarter of 2019, the DG share has fallen sharply on Thursday afternoon. This after reporting adjusted earnings per share (EPS) of $ 2.10 on revenue of $ 7.16 billion. It looks good next to Wall Street estimates of $ 2.01 per share on revenue of $ 7.15 billion.
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Let’s take a closer look at the latest Dollar General earnings report.
Adjusted earnings per quarter were 14.13% higher than Q4 2018’s $ 1.84. Revenue is 7.67% above the $ 6.65 billion reported during the same period last year. Operating profit of $ 720.88 million is an increase of 12.9% compared to the same period last year from $ 638.5 million. The earnings report for Dollar General also includes a net profit of $ 535.44 million. That is an increase of 10.8% compared to $ 483.24 million from the same time last year.
Todd Vasos, CEO of Dollar General, had this to say about Q4 DG stock earnings:
“We are very pleased with the results for the fourth quarter and cover a strong profit year throughout the company. During the fourth quarter, we delivered a healthy increase of 3.2% in the same store sales and a strong margin development. In addition, we performed well on many fronts, including our operational priorities and strategic initiatives. ”
The Dollar General income statement also provides guidance for the financial year 2020. This includes the company which expects net sales growth of between 7.5% and 8%, together with a diluted EPS growth of approximately 10% compared to the financial year’s adjusted diluted EPS. At the same time, Wall Street expects an adjusted profit of 6.65 dollars on a turnover of 27.75 billion for the year.
The DG stock fell 9.2% as of Thursday afternoon.
Nick Clarkson is a web editor for InvestorPlace. At the time of writing, he had no position in any of the above-mentioned securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/dollar-general-earnings-market-tumult-sends-dg-stock-lower/.
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