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Investing.com -- Dollar General (NYSE:DG) reported second-quarter earnings that topped expectations and lifted its full-year outlook, sending its shares soaring in premarket trading Thursday.
The stock was up around 9% as of 06:59 ET.
The discount store chain reported earnings per share (EPS) of $1.86 for the quarter, beating analyst estimates of $1.57, while revenue reached $10.73 billion, versus the consensus of $10.68 billion.
Comparable sales rose 2.8% during the quarter, while operating profit climbed 8.3% to $595.4 million.
“We are pleased with our strong second-quarter results, including earnings growth that significantly exceeded our expectations,” said Todd Vasos, CEO of Dollar General.
“Looking ahead, we believe we have ample opportunity to drive growth and further improve our operating and financial performance, as we continue to work toward achieving the goals laid out in our long-term financial framework."
For fiscal 2025, the retailer now expects EPS of $5.80 to $6.30, up from its prior guidance of $5.20 to $5.80 and above the $5.75 analyst consensus.
Dollar General also raised its net sales growth outlook to 4.3%–4.8% from 3.7%–4.7%, and same-store sales growth to 2.1%–2.6% from 1.5%–2.5%.
Capital expenditures are still projected between $1.3 billion and $1.4 billion, with investments focused on strategic initiatives.