Dollar General Corp. (NYSE: DG) said on Thursday that its earnings in the fiscal fourth quarter came in weaker than expected. The company, however, topped analysts’ estimates for sales. Dollar General also gave weak guidance for the future on Thursday.
Dollar General shares that you can conveniently trade online via several user-friendly apps opened at £126.78 per share on Thursday and are currently trading at £126.63 per share. In comparison, the NYSE-listed company had plummeted to as low as £98.55 per share in the last week of March 2020. Dollar General had started the year 2021 at a per-share price of £150.60.
Dollar General’s Q4 financial results versus analysts’ estimates
Dollar General said that its net income in the fourth quarter printed at £461.54 million that translates to £1.88 per share. In the same quarter last year, its net income was capped at a lower £384.48 million, or £1.51 per share.
The chain of variety stores valued its revenue in Q4 at £6.04 billion versus the year-ago figure of £5.14 billion. In the prior quarter (Q3), Dollar General had noted a 17% increase in its net sales.
According to FactSet, experts had forecast the company to post £5.96 billion of sales in the recent quarter. Their estimate for per-share earnings stood at a higher £1.95. Dollar General also reported an annualised growth of 12.7% in its comparable-store sales in Q4, compared to the FactSet consensus of an 11.5% increase.
In separate news from the United States, pet retailer Petco also reported market-beating results for the fiscal fourth quarter.
Dollar General declares 30.16 pence per share of a dividend
Dollar General announced 30.16 pence per share
