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Dollar General soars on earnings beat and boosted outlook

Shoppers are flocking to the discount chain as more consumers look to cut costs.

Nia Warfield

Dollar General shares jumped more than 10% in premarket trading Tuesday, helping lead S&P 500 gains, after the discount retailer crushed Q1 expectations.

Earnings per share rose nearly 8% to $1.78, beating FactSet estimates of $1.48. Revenue also topped forecasts at $10.4 billion versus the $10.2 billion expected. Same-store sales grew 2.4%, well above the 1.5% forecast, with the average transaction amount also ticking higher.

“Our efforts to improve execution and enhance the associate and customer experience are yielding positive outcomes in both our operational performance and our financial results,” CEO Todd Vasos said. He added that those efforts helped Dollar General gain market share across both consumables and nonconsumables as well as drive growth with customers.

Looking ahead, the company now expects net sales to grow 3.7% to 4.7% for the full year, up slightly from its previous 3.4% to 4.4% forecast. Same-store sales growth is expected to rise 1.5% to 2.5%, versus earlier guidance of 1.2% to 2.2%.

Shares of peer Dollar Tree, which is slated to report earnings tomorrow, also jumped on this encouraging report.

Dollar General shares were up 28% year to date prior to this morning’s pop.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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