Dollar General reports Q3 earnings drop by 29.4%, missing estimates despite sales growth.

Dollar General reported a 29.4% drop in third-quarter earnings per share to $0.89, missing estimates, despite a 5% rise in quarterly sales to $10.2 billion. Same-store sales increased 1.3%, but growth was offset by declines in home, seasonal, and apparel categories. The company cited hurricane-related expenses of $32.7 million and lowered its full-year net sales growth forecast to 4.8% to 5.1%. Dollar General plans to open 575 new U.S. stores and remodel 2,250 stores in fiscal year 2025.

4 months ago
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