Dollar General: Q2 EPS well above estimates
(CercleFinance.com) - Dollar General has reported Q2 (to end-July) EPS that is up 89.
1% at 3.12 dollars, beating the consensus by 70 cents, with operating profit that is up 80.5% at 1 billion dollars.
At 8.7 billion dollars, the retailer's sales increased by 24.4%, including growth of 18.8% at comparable stores, with what is says is a significant positive impact resulting from consumer behaviour as a result of the Covid-19 pandemic.
In addition, its board of directors has decided on a quarterly dividend of 36 cents per share, which is payable in October, as well as a 2 billion dollar increase in its share buyback program.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
1% at 3.12 dollars, beating the consensus by 70 cents, with operating profit that is up 80.5% at 1 billion dollars.
At 8.7 billion dollars, the retailer's sales increased by 24.4%, including growth of 18.8% at comparable stores, with what is says is a significant positive impact resulting from consumer behaviour as a result of the Covid-19 pandemic.
In addition, its board of directors has decided on a quarterly dividend of 36 cents per share, which is payable in October, as well as a 2 billion dollar increase in its share buyback program.
Copyright (c) 2020 CercleFinance.com. All rights reserved.