Dollar General: increases target EPS range.
(CercleFinance.com) - Alongside the publication of its Q2 results, Dollar General has raised its target FY EPS range from 4.
25 dollars to 4.35 dollars, raising the top of this to 4.50 dollars.
The retail chain posted quarterly net income of 295 million dollars, meaning flat EPS of 1.08 dollar, including a charge of two cents per share related to lease termination charges on acquired stores.
Dollar General saw its gross margin fall by half a percentage point to 30.7%, mainly due to promotional activities, but its revenues increased by 8.1% to 5.83 billion dollars (+2.6% at constant stores).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
25 dollars to 4.35 dollars, raising the top of this to 4.50 dollars.
The retail chain posted quarterly net income of 295 million dollars, meaning flat EPS of 1.08 dollar, including a charge of two cents per share related to lease termination charges on acquired stores.
Dollar General saw its gross margin fall by half a percentage point to 30.7%, mainly due to promotional activities, but its revenues increased by 8.1% to 5.83 billion dollars (+2.6% at constant stores).
Copyright (c) 2017 CercleFinance.com. All rights reserved.