Dollar General Q2 EPS $2.13 vs $2.98; slashes FY2023 guidance sharply

DOLLAR GENERAL CORP

2023-Q2 EPS reported $4.47 revenue$19,139,013,000

Q2 net sales +3.9% to $9.8B; same-store sales -0.1% vs prior year.
Operating profit fell 24.2% to $692.3M; diluted EPS down 28.5% to $2.13.
FY2023 guidance cut: net sales growth now 1.3%-3.3% (prev 3.5%-5.0%); EPS now $7.10-$8.30 (prev ~flat to -8% YoY).
Incremental $170M H2 operating profit headwind from inventory reduction and retail labor investments.
Quarterly dividend of $0.59/share declared; no share repurchases planned in 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DOLLAR GENERAL CORP reported fiscal 2023 second quarter (13 weeks) ended August 4, 2023 results: revenue $9.8 billion, net income $468.8 million, EPS $2.13. Guidance reaffirmed.

Period: fiscal 2023 second quarter (13 weeks) ended August 4, 2023
Revenue: $9.8 billion
Net income: $468.8 million
EPS: $2.13
Guidance: reaffirmed
Result: reported results

Exact text from the filing

31, 2023--Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal 2023 second quarter (13 weeks) ended August 4, 2023. Net Sales Increased 3.9% to $9.8 Billion Same-Store Sales Decreased 0.1% Operating Profit Decreased 24.2% to $692.3 Million Diluted Earnings Per Share (“EPS”) Decreased 28.5% to $2.13 Year-to-Date Cash Flows From

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Source: SEC EDGAR

accession 0001157523-23-001382

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