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Dollar General Corp DG - News Analyzed: 6,677 - Today: 100 - Last Week: 100 - Last Month: 500

⇑ Dollar General Corp DG Surges on Strong Q1 Results, Raised Full Year Outlook

Dollar General Corp DG Surges on Strong Q1 Results, Raised Full Year Outlook

The discounted retailer, Dollar General Corp DG, had a solid performance, exceeding Q1 earnings estimates, and raising its full year (FY) outlook. It reported a $10.4 bn revenue and a same-store sales increase of 2.4%. The company's shares jumped 13.9% on June 3 due to its strong Q1 performance. Key investors Gordon Haskett and Oppenheimer upgraded Dollar General's stock, and several financial institutions including Morgan Stanley, Telsey, Evercore ISI Group, Raymond James increased their price targets. Jefferies maintained their Buy rating on Dollar General stock after adjusting the price target.
The firm has seen middle- and high-income earners shift towards it, as mentioned by the CEO. DG's Q1 report also covers the opening of 156 new stores in the U.S, that resulted in $392 million net income. A number of other well-known firms also reiterated their positivity towards the stock, after a considerable positive adjustment on the financial guidance for FY25. Citigroup, BMO Capital, and Truist Securities joined the chorus in maintaining their ratings while adjusting the price target forecast for the stock. Despite the neutral rating by JP Morgan, it still raised the price target for the stock. The firm's Q1 2025 earnings highlights report a robust sales growth amid market challenges, and a boost for the FY25 outlook.

Dollar General Corp DG News Analytics from Sat, 19 Apr 2025 07:00:00 GMT to Sat, 07 Jun 2025 10:50:40 GMT - Rating 8 - Innovation -6 - Information 9 - Rumor -4

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