Dollar General established a quarterly sales record of $ 10.44 billion and improved their annual profit and sales perspective as Americans harden their budgets and spend more on negotiation stores and retail and retail stores economic uncertainty.
He American economy It shrunk at an annual rate of 0.2% from January to March, the first fall in three years, such as The commercial wars of President Donald Trump Expenditure abolished by companies. Consumer expense slowly slowed down.
For the period ended on May 2, Sales of Dollar General rose 5% to $ 10.44 billion of $ 9.91 billion. That is better that the $ 10.29 billion that Wall Street expected, according to a Zacks Investment Research survey.
Sales in stores open at least one year, a key indicator of the health of a retailer, increased 2.4%.
Customer traffic fell 0.3%, but the average amount of the transaction increased 2.7%.
The actions jumped more than 10% before the opening bell on Tuesday and the shares of rival Dollar Tree, which reports its quarterly performance on Wednesday, increased 4%.
Dollar General, based in Goodlettsville, Tennessee, won $ 391.9 million, or $ 1.78 per share, in the quarter, beyond the $ 1.47 per share that Wall Street expected, as well as the gain of $ 363.3 million that it recorded during the same period last year.
Dollar General said that although he exceeded his own expectations, there is a lot of uncertainty about how tariffs will affect their businesses and clients during the rest of the year.
People exchange or visit bargain chains, while looking to extend their expenses, but low -income Americans are much more vulnerable.
“While the Macro backdrop continues to be widely useless, with low -income central consumers still facing considerable pressure on their finances, consumers mitigated during the quarter for consumers gently supplying things in anticipation of tariffs,” said Neil Saunders, managing director of Globaldata, in a statement.
The company is now projecting profits from 2025 in a range of approximately $ 5.20 to $ 5.80 per share. Its previous earning forecast was approximately $ 5.10 to $ 5.80 per share.
Analysts surveyed by FACTSET seek profits of $ 5.61 per share.
Sales are expected to rise approximately 3.7% to 4.7%. Dollar General previously predicted sales growth of approximately 3.4% to 4.4%. Now the growth of sales in the same store is expected to be approximately 1.5% to 2.5% more than a previous perspective for approximately 1.2% to 2.2% growth.
