Dollar General Corp. (DG) said, as a result of greater-than-anticipated gross margin pressures, it is updating previously issued EPS guidance for fiscal year 2022. EPS is projected in the range of $3.15 - $3.30 for the fourth quarter, which would result in growth in the range of approximately 7%-8% for fiscal 2022; compared to previous expectation in the range of approximately 12% - 14% for fiscal 2022.
Same-store sales growth is projected in a range of approximately 6% - 7% for the fourth quarter, which would result in growth toward the upper end of the company's previously expected range of 4.0% - 4.5% for fiscal 2022. Net sales growth is projected approximately 11%, for fiscal 2022.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com